On Wednesday, Ollie's Bargain Outlet stock reached a key performance benchmark, with its Relative Strength (RS) Rating entering into the 90-plus percentile with an improvement to 92, a rise from 89 the day before.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength. This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks often have an 80 or higher RS Rating in the early stages of their moves.
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Is Ollie's Bargain Outlet Stock A Buy?
Ollie's Bargain Outlet stock is trying to complete a consolidation with a 72.37 buy point. See if it can clear the breakout price in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up -58%, compared to -75% in the prior report. Revenue increased from -10% to 9%. Look for the next report on or around Dec. 7.
Ollie's Bargain Outlet stock holds the No. 6 rank among its peers in the Retail-Discount & Variety industry group. Dollar General, BJ's Wholesale Club and Dollar Tree are among the top 5 highly rated stocks within the group.
