The Relative Strength (RS) Rating for Vista Outdoor stock moved into a higher percentile Friday, as it got a lift from 70 to 73.
This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Vista Outdoor stock can continue to rebound and hit that benchmark.
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Is Vista Outdoor Stock A Buy?
Vista Outdoor stock has moved more than 5% past a 30.55 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for this leisure stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Although earnings and sales growth came in at -37% and -10%, respectively, in the latest report, that marked two straight quarters of improvement for earnings and two for sales.
Vista Outdoor stock holds the No. 3 rank among its peers in the Leisure-Products industry group. Acushnet Holdings is the top-ranked stock within the group.