On Friday, Children's Place stock earned an upgrade to its Relative Strength (RS) Rating, from 63 to 79.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to the rest of the market.
History reveals that the best stocks often have an RS Rating north of 80 as they launch their biggest climbs. See if Children's Place stock can continue to show renewed price strength and hit that benchmark.
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Is Children's Place Stock A Buy?
Children's Place stock is building a cup with handle with a 48.98 entry. See if the stock can break out in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The retailer posted negative growth for both sales and earnings last quarter. The company is expected to report its next quarterly numbers on or around Mar. 8.
Children's Place stock holds the No. 19 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Buckle and TJX Cos are also among the group's highest-rated stocks.
