Quantcast

Stocks Showing Rising Market Leadership: Buckle Earns 87 RS Rating


Shutterstock photo

Buckle ( BKE ) had its Relative Strength ( RS ) Rating upgraded from 72 to 87 Thursday.

[ibd-display-video id=2881825 width=50 float=left autostart=true] This proprietary 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 matches up against that of all other stocks.

History shows that the top-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves.

See How IBD Helps You Make More Money In Stocks

Buckle is not currently offering a proper buying opportunity. See if the stock goes on to form a sound pattern that could kick off a new climb.

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

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

RELATED:

Which Stocks Are Showing 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: BKE , RS , BOOT , ROST , PLCE


More from Investor's Business Daily

Subscribe






Investor's Business Daily
Contributor:

Investor's Business Daily

Investing








Research Brokers before you trade

Want to trade FX?