The Relative Strength (RS) Rating for Vista Outdoor stock moved into a new percentile Monday, as it got a lift from 67 to 79.
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an 80 or better RS Rating as they launch their biggest price moves. See if Vista Outdoor stock can continue to show renewed price strength and hit that benchmark.
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Is Vista Outdoor Stock A Buy?
Vista Outdoor stock has climbed more than 5% past a 30.55 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the leisure stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Although earnings and sales growth came in at -37% and -10%, respectively, in the latest report, that marked two straight quarters of acceleration for EPS and two for the top line.
Vista Outdoor stock holds the No. 2 rank among its peers in the Leisure-Products industry group. Vista Outdoor is the No. 1-ranked stock within the group.
