Banking

Stocks Showing Improving Market Leadership: Foot Locker Earns 83 RS Rating

One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Foot Locker (FL) now clears that threshold, with a jump from 79 to 83 Tuesday.




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When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.

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

History shows that the top-performing stocks tend to have an 80 or higher RS Rating in the early stages of their moves.


See How IBD Helps You Make More Money In Stocks


Foot Locker has risen more than 5% past a 35.43 entry in a first-stage cup without handle, meaning it’s now out of a proper buy range. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.

Foot Locker posted 7% EPS growth in its most recent report. Revenue gains came in at 9%. The company is expected to report its latest numbers on or around Feb. 28.

The company earns the No. 9 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Revolve Group (RVLV) and Boot Barn (BOOT) are also among the group’s highest-rated stocks.

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