On Monday, Williams Sonoma (WSM) hit an important performance benchmark, with its Relative Strength (RS) Rating jumping into the 80-plus percentile with an upgrade to 84, a rise from 80 the day before.
X When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique rating measures 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.
Decades of market research reveals that the best stocks typically have an RS Rating north of 80 as they launch their biggest price moves.
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Williams Sonoma has risen more than 5% past a 56.48 entry in a first-stage cup without handle, meaning it's now out of a proper buy zone. Look for the 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.
In terms of top and bottom line numbers, Williams Sonoma has posted four quarters of accelerating earnings growth. Sales growth has also risen over the same time frame.
The company earns the No. 2 rank among its peers in the Retail-Home Furnishings industry group. At Home (HOME) is the No. 1-ranked stock within the group.
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IBD Stock Rating Upgrades: Rising Relative Strength
