In a welcome move, Arhaus saw its Relative Strength Rating improve from 66 to 76 on Wednesday.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
History shows that the best-performing stocks tend to have an RS Rating of at least 80 as they launch their largest climbs. See if Arhaus can continue to show renewed price strength and clear that threshold.
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Arhaus is not currently near a potential buying area. See if the stock goes on to form a base that could kick off a new climb.
Arhaus posted negative growth for both sales and earnings last quarter. Arhaus is expected to report its next quarterly numbers on or around Mar. 6.
The company earns the No. 5 rank among its peers in the Retail-Home Furnishings industry group. Williams-Sonoma is the top-ranked stock within the group.
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