In a welcome move, Columbia Sportswear saw its Relative Strength Rating rise from 69 to 72 on Friday.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best stocks often have an RS Rating north of 80 in the early stages of their moves. See if Columbia Sportswear can continue to show renewed price strength and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
Columbia Sportswear is in a buy zone after breaking past an 87.23 buy point in a flat base. Once a stock moves 5% or higher beyond the original entry, it's considered out of buy range.
Earnings-per-share growth declined in the company's latest report from 0% to -8%, but revenue rose from -8% to -5%.
Columbia Sportswear earns the No. 10 rank among its peers in the Apparel-Clothing Manufacturing industry group. Ralph Lauren Cl A, Tapestry and Victoria's Secret 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!
