Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

Kontoor Brands Joins Rank Of Stocks With RS Ratings Over 90

On Friday, Kontoor Brands got a positive adjustment to its Relative Strength (RS) Rating, from 87 to 92.

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 movement over the trailing 52 weeks holds up against all the other stocks in our database.

History reveals that the best stocks tend to have an RS Rating of at least 80 at the beginning of a new climb.

Here Are 3 Keys For Successful Stock Investing

Kontoor Brands is now considered extended and out of buy range after clearing a 73.31 buy point in a first-stage cup with handle. 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 moving average.

In terms of fundamentals, Kontoor Brands has posted two quarters of increasing earnings growth. Sales growth has also moved higher during the same period.

The company earns the No. 3 rank among its peers in the Apparel-Clothing Manufacturing industry group. Gildan Activewear is the No. 1-ranked stock within the group.

RELATED:

IBD Stock Rating Upgrades: Rising Relative Strength

Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

Ready To Grow Your Investing Skills? Join An IBD Meetup Group!

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.