Dillard's saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 61 to 72. Retail is a tough sell these days with inflation being a strong headwind.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating identifies share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the top-performing stocks tend to have an 80 or higher RS Rating 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 trying to complete a consolidation with a 417.86 entry. The stock is currently struggling to regain most moving averages. See if the stock can clear the breakout price in volume at least 40% above average.
Earnings growth fell last quarter from -12% to -14%. But revenue moved higher, from -2% to -1%.
Dillard's holds the No. 1 rank among its peers in the Retail-Department Stores industry group. This group is currently at number 135 of 197.
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