Canada Goose Holdings had its Relative Strength (RS) Rating upgraded from 64 to 76 Wednesday -- a welcome improvement, but still below the 80 or higher 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 measures share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their biggest price moves. See if Canada Goose Holdings can continue to rebound and hit that benchmark.
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Canada Goose Holdings is working on a cup without handle with a 24.44 entry. On a MarketSmith daily chart it looks almost like a saucer. It has six straight positive days with above average volume. There is still a chance a handle will form, so let's see if it does. Then we can look to see if it can break out in continued heavy trading.
Canada Goose Holdings Earnings
Earnings growth rose last quarter from 0% to 69%. But revenue gains fell from 24% to 19%. Look for the next report on or around Feb. 9.
Canada Goose Holdings earns the No. 7 rank among its peers in the Apparel-Clothing Manufacturing industry group. Capri Holdings and Tapestry are also among the group's highest-rated stocks.
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