Under Armour stock saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 79 to 83.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
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 behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an 80 or better RS Rating as they begin their biggest runs.
See How IBD Helps You Make More Money In Stocks
Is Under Armour Stock A Buy?
Under Armour stock has been rallying off the bottom and retook its 200-day moving average last week. The athletic apparel maker stock is not currently offering a proper buying opportunity. See if the stock goes on to build a chart pattern that could launch a new move.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up -35%, compared to -88% in the prior report. Revenue increased from 0% to 2%.
Under Armour stock holds the No. 14 rank among its peers in the Apparel-Clothing Manufacturing industry group. Oxford Industries and Tapestry are also among the group's highest-rated stocks.
