Caleres stock saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 70 to 76.
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to the rest of the market.
Decades of market research shows that the best stocks tend to have an RS Rating of above 80 as they launch their biggest runs. See if Caleres stock can continue to show renewed price strength and hit that benchmark.
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Is Caleres Stock A Buy?
Caleres stock recently reclaimed its 50-day moving average and is trying to complete a consolidation with a 41.94 entry. See if the retails stock can break out in heavy volume.
The footwear retailer posted negative growth for both the top and bottom lines last quarter.
Caleres stock holds the No. 8 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Abercrombie & Fitch, Burlington Stores and J.Jill are among the top 5 highly rated stocks within the group.
