Stocks To Watch: Zumiez Sees RS Rating Jump To 91

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Zumiez ( ZUMZ ) had its Relative Strength ( RS ) Rating upgraded from 81 to 91 Friday.

[ibd-display-video id=2102289 width=50 float=left autostart=true] This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against the rest of the market.

Over 100 years of market history reveals that the best-performing stocks tend to have an 80 or better RS Rating at the beginning of a new price run.

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Zumiez is now considered extended and out of buy range after clearing a 20.20 buy point in a first-stage cup without handle . 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.

Top and bottom line growth moved higher last quarter. Earnings were up 12%, compared to 0% in the prior report. Revenue increased from 8% to 11%.

The company holds the No. 8 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Boot Barn ( BOOT ), Citi Trends ( CTRN ) and Ross Stores ( ROST ) are among the top 5 highly rated stocks 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: ZUMZ , RS , BOOT , CTRN , ROST

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