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Retailer Abercrombie & Fitch Stock Shows Market Leadership With Jump To 85 RS Rating

Abercrombie & Fitch (ANF) stock had its Relative Strength (RS) Rating upgraded from 64 to 85 Monday.

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

IBD’s proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price movement over the trailing 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history shows that the best-performing stocks often have an RS Rating of above 80 in the early stages of their moves.


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Is Abercrombie & Fitch Stock A Buy?

Abercrombie & Fitch recently retook its 200-day moving average is not currently offering a proper buying opportunity. See if the stock goes on to build a chart pattern that could ignite a new run. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

While EPS growth dropped in the retailer’s most recent performance report from 0% to -99%, the top line rose -3%, up from -7% in the previous report.

Abercrombie & Fitch stock holds the No. 19 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Buckle (BKE) and TJX Cos (TJX) are also among the group’s highest-rated stocks.

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