Children's Place had its Relative Strength (RS) Rating upgraded from 85 to 92 Thursday.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
History reveals that the top-performing stocks typically have an RS Rating north of 80 as they launch their biggest price moves.
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While the stock is not near a proper buy point right now, see if it manages to form and break out of a proper base.
The company showed 0% EPS growth last quarter. Sales increased -8%. The next quarterly results are expected on or around Nov. 14.
The company holds the No. 13 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Burlington Stores, Abercrombie & Fitch and TJX Cos are among the top 5 highly rated stocks within the group.
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