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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and JULIE MAK

Apparel Maker Capri Holdings Stock Earns IBD Rating Upgrade

Capri Holdings stock saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an upgrade from 64 to 82.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.

Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their largest price moves. See if Capri Holdings can continue to show renewed price strength and clear that threshold.

See How IBD Helps You Make More Money In Stocks

Is Capri Holding Stock A Buy?

Capri Holdings stock has been rallying since retaking its 200-day moving line in early November. The apparel maker stock is etching the right side of a saucer shaped base. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to offer and clear an appropriate buy point. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.

 

The U.K.-based apparel maker holding company reported 17% EPS growth last quarter, while sales growth came in at 9%.

Capri Holdings tock earns the No. 3 rank among its peers in the Apparel-Clothing Manufacturing industry group. Columbia Sportswear and Capri Holdings are also among the group's highest-rated stocks.

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