Bath & Body Works stock had its Relative Strength (RS) Rating upgraded from 67 to 76 Tuesday -- a welcome improvement, but still short of the 80 or better score you look for.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best-performing stocks tend to have an RS Rating north of 80 as they begin their biggest price moves. See if Bath & Body Works stock can continue to rebound and hit that benchmark.
Looking For The Best Stocks To Buy And Watch? Start Here
Is Bath & Body Works Stock A Buy?
Bath & Body Works stock dipped below its 50-day moving average since last week. While now is not an ideal time to invest, see if the retail stock is able to establish and enter a buying range in heavy trade.
The retailer reported negative growth for both sales and earnings last quarter. The company is expected to report its next quarterly numbers on or around Feb. 23.
Bath & Body Works stock holds the No. 19 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Buckle and Boot Barn Holdings are also among the group's highest-rated stocks.
