In a welcome move, Dillard's saw its Relative Strength Rating rise from 70 to 75 on Thursday.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to the rest of the market.
Over 100 years of market history reveals that the best stocks often have an RS Rating of at least 80 in the early stages of their moves. See if Dillard's can continue to show renewed price strength and clear that threshold.
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Dillard's is building a consolidation with a 476.48 buy point. See if the stock can clear the breakout price in heavy trade.
Although earnings and sales growth came in at -17% and -4%, respectively, in the latest report, that showed improvement for both the top and bottom lines.
Dillard's holds the No. 2 rank among its peers in the Retail-Department Stores industry group. Nordstrom is the No. 1-ranked stock within the group.
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