When considering what names to put on your watch list, look for stocks with an 80 or higher RS Rating. Boot Barn Holdings stock just cleared that benchmark with an upgrade from 80 to 84.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks tend to have an 80 or higher RS Rating in the early stages of their moves.
Looking For Winning Stocks? Try This Simple Routine
Is Boot Barn Holdings Stock A Buy?
Boot Barn Holdings is building a cup-shaped base with a 104.91 entry. See if the retail stock can break out in heavy volume. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings growth increased in the company's latest report from -14% to 4%, but sales fell from 7% to 1%.
Boot Barn Holdings stock earns the No. 8 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. lululemon athletica and Ross Stores are also among the group's highest-rated stocks.
