On Tuesday, American Eagle Outfitters stock received a positive adjustment to its Relative Strength (RS) Rating, from 87 to 91.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD's proprietary RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best-performing stocks often have an 80 or better RS Rating in the early stages of their moves.
Looking For The Best Stocks To Buy And Watch? Start Here
Is American Eagle Outfitters Stock A Buy?
American Eagle Outfitters stock retook its 200-day moving average in late November and has held its strength. While the retailer is not near a proper entry right now, see if it manages to form and break out of a proper base.
Earnings growth picked up last quarter from -93% to -45%. But sales fell from 0% to -3%.
American Eagle Outfitters stock holds the No. 13 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. lululemon athletica, Buckle and TJX Cos are among the top 5 highly rated stocks within the group.
