Amer Sports stock saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an increase from 78 to 84. The sporting goods company debut on Feb. 1. The Finland-based company owns several leading sports equipment and apparel brands including Salomon, Wilson, and Atomic.
IBD's proprietary RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an RS Rating north of 80 as they launch their biggest price moves.
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Is Amer Sports Stock A Buy?
As an IPO, it's too early to tell if the stock will take off and outperform. While Amer Sports is not near a proper buy point right now, see if it goes on to form and break out from a proper consolidation.
The sporting goods firm showed 0% earnings growth last quarter. Revenue gains came in at 10%.
Amer Sports stock earns the No. 8 rank among its peers in the Leisure-Products industry group. Acushnet Holdings, Vista Outdoor and Harley-Davidson are among the top 5 highly rated stocks within the group.
