Stocks Showing Market Leadership: Buckle Earns 91 RS Rating

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On Friday, Buckle ( BKE ) reached a key performance benchmark, seeing its Relative Strength ( RS ) Rating jump into the 90-plus percentile with an improvement to 91, up from 87 the day before.

[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's proprietary RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.

History shows that the top-performing stocks tend to have an RS Rating of over 80 at the beginning of a new price run.

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Buckle is not currently near a potential buying area. See if the stock goes on to build a chart pattern that could launch a new move.

Although earnings and sales growth came in at -15% and -6%, respectively, in the latest report, that marked four straight quarters of improvement for EPS and three for sales.

Buckle holds the No. 20 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Boot Barn ( BOOT ), Ross Stores ( ROST ) and Citi Trends ( CTRN ) are among the top 5 highly rated stocks within the group.


IBD Stock Rating Upgrades: Rising Relative Strength

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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: BKE , RS , BOOT , ROST , CTRN

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