Buckle had its Relative Strength (RS) Rating upgraded from 72 to 81 Wednesday.
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the best stocks typically have an 80 or better RS Rating as they begin their biggest price moves.
Looking For The Best Stocks To Buy And Watch? Start Here
Buckle is now considered extended and out of buy range after clearing a 44.68 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Although earnings and sales growth came in at -15% and -3%, respectively, in the latest report, that marked acceleration for both the top and bottom lines. Buckle is expected to report its next quarterly numbers on or around Nov. 22.
The company holds the No. 7 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Revolve Group, Abercrombie & Fitch and TJX Cos are among the top 5 highly rated stocks within the group.
RELATED:
Which Stocks Are Showing Improved Technical Action?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
