In a welcome move, Victoria's Secret stock saw its Relative Strength Rating rise from 62 to 73 on Wednesday.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an 80 or higher RS Rating as they launch their largest price moves. See if Victoria's Secret stock can continue to show renewed price strength and clear that threshold.
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Is Victoria's Secret Stock A Buy?
Victoria's Secret stock cleared a cup-shaped base on Feb. 9, but has since pulled back and dipped below its 50-day moving average. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the retail stock is able to establish and enter a buying range in heavy trade. The intimate apparel retail is set to report Q4 2023 earnings after the close on Wednesday, Mar. 6.
Top and bottom line growth moved higher last quarter. Earnings were up 0%, compared to -78% in the prior report. Revenue increased from -6% to -4%. The next quarterly results are expected on or around Mar. 6.
Victoria's Secret stock holds the No. 16 rank among its peers in the Apparel-Clothing Manufacturing industry group. Ermenegildo Zegna, Ralph Lauren Cl A and Tapestry are among the top 5 highly rated stocks within the group.
