Banking

Victoria’s Secret Clears Key Benchmark, Hitting 80-Plus RS Rating

Victoria’s Secret (VSCO) had its Relative Strength (RS) Rating upgraded from 62 to 84 Wednesday.




X



When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.

This exclusive rating from Investor’s Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price behavior over the last 52 weeks holds up against all the other stocks in our database.

Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 as they launch their biggest runs.


See How IBD Helps You Make More Money In Stocks


Victoria’s Secret is not currently near a potential buy zone. See if the stock goes on to form a chart pattern that could launch a new move.

Earnings growth rose in the company’s latest report from -42% to -34%, but the top line fell from -5% to -6%. Keep an eye out for the company’s next round of numbers on or around Nov. 30.

Victoria’s Secret earns the No. 9 rank among its peers in the Apparel-Clothing Manufacturing industry group. Columbia Sportswear (COLM) and Capri Holdings (CPRI) are also among the group’s highest-rated stocks.

YOU MAY ALSO LIKE:

Stocks With Rising Relative Strength Ratings

Why Should You Use IBD’s Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

See How To Reduce Risk, Increase Profits With Swing Trading

Most Related Links :
todayuknews Governmental News Finance News

Source link

Back to top button