Abercrombie & Fitch had its Relative Strength (RS) Rating upgraded from 80 to 83 Friday.
This exclusive rating from Investor's Business Daily measures share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks typically have an RS Rating of above 80 as they begin their biggest climbs.
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While Abercrombie & Fitch is not near an ideal buy point right now, see if it is able to form and break out from a proper base.
The company reported 127% EPS growth last quarter. Revenue gains came in at 21%. Look for the next report on or around Nov. 26.
The company earns the No. 1 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Burlington Stores and Revolve Group are also among the group's highest-rated stocks.
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