On Friday, Foot Locker stock got an upgrade to its Relative Strength (RS) Rating, from 87 to 91.
As you try to find 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 performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the top-performing stocks often have an RS Rating of at least 80 in the early stages of their moves.
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Is Foot Locker Stock A Buy?
While Foot Locker stock is not considered in a proper buying range, keep this shoes retailer on your watch list. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The shoes retailer posted negative growth for both the top and bottom lines last quarter.
Foot Locker stock earns the No. 8 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Lululemon Athletica, Designer Brands and Caleres are among the top 5 highly rated stocks within the group.
