The Relative Strength (RS) Rating for Signet Jewelers stock jumped into a new percentile Thursday, with a rise from 77 to 88.
IBD's unique rating tracks share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the top-performing stocks typically have an RS Rating north of 80 as they launch their biggest price moves.
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Is Signet Jewelers Stock A Buy?
Signet Jewelers stock reclaimed its 50-day moving average on Wednesday and is not currently near a potential buying area. See if the retail stock goes on to build a promising consolidation that could kick off a new price move.
The diamond jewelry retailer saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -68% to 22%. Revenue rose from -12% to -6%.
Signet Jewelers stock holds the No. 1 rank among its peers in the Retail/Wholesale-Jewelry industry group. Movado Group and Swatch Group ADR are also among the group's highest-rated stocks.
