Deckers Outdoor stock saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 80 to 84.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating as they launch their biggest climbs.
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Is Deckers Outdoor Stock A Buy?
Deckers Outdoor stock has been rallying in recent months. While the stock is not near an ideal buy point right now, see if it is able to form and break out from a proper chart pattern. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The popular Ugg shoe maker posted -3% earnings growth in the latest quarterly report. Sales gains came in at 22%.
Deckers Outdoor stock earns the No. 1 rank among its peers in the Apparel-Shoes & Related industry group.
