On Monday, Designer Brands (DBI) reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 91, up from 88 the day before. This makes Designer Brands stock a prime watchlist candidate.
When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength. IBD’s unique rating measures share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price movement over the last 52 weeks holds 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 better RS Rating in the early stages of their moves.
Is Designer Brands Stock A Buy?
Designer Brands stock has risen more than 5% past a 9.45 entry in a first-stage cup without handle, meaning it’s now out of a proper buy range. Look for Designer Brands stock to offer a new chance to pick up shares like a three-weeks-tight or pullback to the 50-day or 10-week moving average.
Although earnings and sales growth came in at -138% and -30%, respectively, in the latest report, that marked two straight quarters of improvement for EPS and two for sales. The Columbus, Ohio-based operator of the Designer Shoe Warehouse (DSW) chain is expected to release its next quarterly numbers on or around March 17.
Designer Brands stock earns the No. 20 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Citi Trends (CTRN), Revolve Group (RVLV) and Buckle (BKE) are among the top 5 highly rated stocks within the group.
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