Abercrombie & Fitch stock had its Relative Strength (RS) Rating upgraded from 69 to 76 Tuesday — a welcome improvement, but still short of the 80 or higher score you prefer to see.
IBD's proprietary RS Rating measures market leadership 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.
Decades of market research reveals that the best stocks often have an 80 or higher RS Rating as they launch their largest climbs. See if Abercrombie & Fitch stock can continue to show renewed price strength and clear that threshold.
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Is Abercrombie & Fitch Stock A Buy?
Abercrombie & Fitch stock reclaimed its 200-day moving average on Monday. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
The millennial centric retailer reported 37% EPS growth in its most recent report, while sales growth came in at 14%.
Abercrombie & Fitch stock holds the No. 5 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Urban Outfitters is the No. 1-ranked stock within the group.
