Markets

Stocks With Rising Relative Price Strength: PVH

Shutterstock photo

PVH ( PVH ) had its Relative Strength ( RS ) Rating upgraded from 78 to 82 Thursday.

[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.

History shows that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.

Looking For The Best Stocks To Buy And Watch? Start Here

PVH broke out earlier, but has fallen back below the prior 130.85 entry from a flat base . If a stock you're tracking clears a buy point then declines 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and buy point. Also understand that the latest pattern is a later-stage base, and such bases are more prone to failure.

Regarding top and bottom line numbers, the company has posted two quarters of rising earnings growth. Top line growth has also increased over the same time frame. PVH is expected to release its next quarterly numbers on or around Nov. 30.

The company earns the No. 3 rank among its peers in the Apparel-Clothing Manufacturing industry group. Carters ( CRI ) 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.


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

In This Story

PVH RS CRI

Other Topics

Stocks