Dick's Sporting Goods saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 65 to 71.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's proprietary RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an RS Rating of above 80 in the early stages of their moves. See if Dick's Sporting Goods can continue to show renewed price strength and hit that benchmark.
Looking For The Best Stocks To Buy And Watch? Start Here
While Dick's Sporting Goods is not near a proper entry right now, see if it manages to form and break out of a proper chart pattern.
Dick's Sporting Goods reported 50% EPS growth in the latest quarterly report. Sales increased 7%.
Dick's Sporting Goods holds the No. 4 rank among its peers in the Retail-Leisure Products industry group. Build-A-Bear Workshop and Winmark are also among the group's highest-rated stocks.
