In a welcome move, La-Z-Boy saw its Relative Strength Rating improve from 68 to 76 on Friday.
IBD's proprietary rating measures price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating of over 80 in the early stages of their moves. See if La-Z-Boy can continue to show renewed price strength and clear that threshold.
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La-Z-Boy is not currently near a potential buy zone. See if the stock goes on to build a sound pattern that could kick off a new price move.
Earnings grew 1% last quarter, up from -4% in the prior report. Revenue also increased, from 2% to 4%.
La-Z-Boy holds the No. 2 rank among its peers in the Retail-Home Furnishings industry group. Williams-Sonoma is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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