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IBD Rating Upgrades: Steven Madden Flashes Improved Technical Strength


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Steven Madden ( SHOO ) had its Relative Strength ( RS ) Rating upgraded from 61 to 72 Monday -- a welcome improvement, but still shy of the 80 or higher score you prefer to see.

[ibd-display-video id=2881825 width=50 float=left autostart=true] This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.

History shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating as they begin their largest runs. See if Steven Madden can continue to rebound and clear that threshold.

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While now is not an ideal time to jump in, see if the stock goes on to form a base and break out.

Steven Madden posted 4% EPS growth in the latest quarterly report, while sales growth came in at 8%.

The company earns the No. 4 rank among its peers in the Apparel-Shoes & Related industry group. Skechers ( SKX ) is the top-ranked stock within the group.

RELATED:

IBD Stock Rating Upgrades: Rising Relative Strength

Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Stocks
Referenced Symbols: SHOO , RS , SKX



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