On Friday, BJ's Wholesale Club received a positive adjustment to its Relative Strength (RS) Rating, from 67 to 82.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
History reveals that the best-performing stocks typically have an 80 or higher RS Rating as they begin their biggest climbs.
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BJ's Wholesale Club is now considered extended and out of buy range after clearing an 88.79 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth picked up last quarter from 10% to 18%. But sales fell from 5% to 4%.
The company earns the No. 1 rank among its peers in the Retail-Discount & Variety industry group. Ollie's Bargain Outlet and MINISO Group Holding ADR are also among the group's highest-rated stocks.
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