Stocks Generating Improved Relative Strength: Steven Madden

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In a welcome move, Steven Madden ( SHOO ) saw its Relative Strength Rating improve from 67 to 74 on Monday.

[ibd-display-video id=2385970 width=50 float=left autostart=true] This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks compares to the rest of the market.

Decades of market research shows that the best stocks typically have an RS Rating north of 80 as they begin their biggest runs. See if Steven Madden can continue to rebound and clear that threshold.

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Steven Madden is now considered extended and out of buy range after clearing a 43.90 buy point in a first-stage flat base . 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 moving average.

The company showed 4% earnings growth in its most recent report. Revenue rose 8%. The company is expected to report its latest performance numbers on or around Feb. 28.

The company holds the No. 5 rank among its peers in the Apparel-Shoes & Related industry group. Skechers ( SKX ) is the top-ranked stock within the group.


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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 , SKX

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