In a welcome move, La-Z-Boy saw its Relative Strength Rating rise from 68 to 72 on Wednesday.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks tend to have an 80 or higher RS Rating in the early stages of their moves. See if La-Z-Boy can continue to rebound and clear that threshold.
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La-Z-Boy is trying to complete a double bottom with a 44.29 entry. See if it can clear the breakout price in heavy trade.
La-Z-Boy saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -4% to 0%. Revenue rose from -1% to 3%. The company is expected to report its latest earnings and sales numbers on or around Nov. 19.
La-Z-Boy earns the No. 1 rank among its peers in the Retail-Home Furnishings industry group. Williams-Sonoma and Lovesac are also among the group's highest-rated stocks.
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