In a welcome move, Gap stock saw its Relative Strength Rating improve from 66 to 72 on Monday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily measures share price movement 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.
Decades of market research shows that the top-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Gap stock can continue to rebound and hit that benchmark.
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Is Gap Stock A Buy?
Gap stock is not currently near a potential buy zone. See if the stock goes on to form a base that could kick off a new price move.
The retailer showed 0% earnings growth in its most recent report, while sales growth came in at -6%. Keep an eye out for the company's next round of numbers on or around Aug. 24.
Gap stock holds the No. 15 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Boot Barn Holdings and Urban Outfitters are also among the group's highest-rated stocks.
