When putting together your watch list, look for stocks with an 80 or higher RS Rating. Ollie's Bargain Outlet just cleared that benchmark with an upgrade from 65 to 81.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks typically have an 80 or better RS Rating as they begin their biggest price moves.
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Ollie's Bargain Outlet is trying to complete a double bottom with a 115.42 entry. See if the stock can clear the breakout price in heavy trade.
Ollie's Bargain Outlet posted -3% earnings growth in the latest quarterly report, while sales growth came in at 3%.
The company earns the No. 3 rank among its peers in the Retail-Discount & Variety industry group. MINISO Group Holding ADR is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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