Tapestry stock had its Relative Strength (RS) Rating upgraded from 68 to 72 Monday — a welcome improvement, but still below the 80 or better score you prefer to see.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks tend to have an RS Rating north of 80 as they launch their biggest runs. See if Tapestry stock can continue to rebound and clear that threshold.
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Is Tapestry Stock A Buy?
Tapestry stock recently reclaimed its 50-day moving average and is working on a consolidation with a 48.80 buy point. See if the apparel stock can break out in volume at least 40% above average.
The owner of accessible luxury brands such as Coach and Kate Spade posted 4% earnings growth last quarter. Sales gains came in at -2%.
Tapestry stock earns the No. 7 rank among its peers in the Apparel-Clothing Manufacturing industry group. Ralph Lauren Cl A, Gildan Activewear and Levi Strauss are among the top 5 highly rated stocks within the group.
