The Relative Strength (RS) Rating for Urban Outfitters jumped into a new percentile Monday, with a rise from 67 to 85.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Decades of market research reveals that the market's biggest winners typically have an RS Rating north of 80 as they begin their biggest runs.
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While Urban Outfitters is not near a proper entry right now, see if it is able to form and break out from a proper base.
Urban Outfitters saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 25% to 51%. Revenue rose from 6% to 10%.
The company holds the No. 1 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. TJX Cos and Burlington Stores are also among the group's highest-rated stocks.
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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