Academy Sports & Outdoors Stock Sees RS Rating Improve To 77

Academy Sports & Outdoors (ASO) stock saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, rising from 67 to 77.

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When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength.

This proprietary rating tracks market leadership by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.

Over 100 years of market history reveals that the market’s biggest winners tend to have an RS Rating north of 80 as they begin their biggest runs. See if Academy Sports & Outdoors stock can continue to show renewed price strength and clear that threshold.

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Is Academy Sports & Outdoors Stock A Buy?

Academy Sports & Outdoors stock is trying to complete a double bottom with a 60.22 buy point. See if the retail stock can break out in volume at least 40% higher than normal. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

The sporting goods chain posted negative growth for both the top and bottom lines last quarter. Academy Sports & Outdoors attributed the weak Q3 results to soft consumer sentiment and higher -than-usual temperatures during the quarter, following a similar trend across other footwear retailers this fall.

Academy Sports & Outdoors stock holds the No. 4 rank among its peers in the Retail-Leisure Products industry group. Hibbett (HIBB) and Winmark (WINA) are also among the group’s highest-rated stocks.

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