On Friday, Under Armour Cl A earned a positive adjustment to its Relative Strength (RS) Rating, from 82 to 92.
This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
History shows that the best stocks typically have an 80 or better RS Rating at the beginning of a new price run.
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Under Armour Cl A is now considered extended and out of buy range after clearing a 9.50 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth increased last quarter from -50% to 30%. But revenue gains fell from -10% to -11%.
Under Armour Cl A earns the No. 8 rank among its peers in the Apparel-Clothing Manufacturing industry group. Ralph Lauren Cl A, Tapestry and Gildan Activewear are among the top 5 highly rated stocks within the group.
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