Urban Outfitters saw a welcome improvement to its Relative Strength (RS) Rating on Thursday before the open, rising from 87 to 94. After yesterday's gap up on earnings, the stock has fallen back today on heavy volume.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating of at least 80 at the beginning of a new climb.
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Urban Outfitters closed yesterday just inside a buy zone after gapping up past a 29.84 entry in a consolidation. Once a stock moves 5% or higher beyond the initial entry however, it's considered extended and out of buy range.
URBN Earnings
Earnings grew 70% last quarter, up from -17% in the prior report. Revenue also increased, from 4% to 6%.
The company holds the No. 3 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. lululemon athletica and TJX Cos are among the top 5 highly rated stocks within the group.
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