On Monday, Abercrombie & Fitch got an upgrade to its Relative Strength (RS) Rating, from 80 to 83.
This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
History shows that the market's biggest winners tend to have an RS Rating of at least 80 in the early stages of their moves.
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Abercrombie & Fitch is not currently offering a proper buying opportunity. See if the stock goes on to build a promising consolidation that could kick off a new climb.
The company reported 37% earnings growth last quarter. Sales gains came in at 14%.
The company holds the No. 1 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Revolve Group and Urban Outfitters are also among the group's highest-rated stocks.
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