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Kontoor Brands (KTB) had its Relative Strength (RS) Rating upgraded from 66 to 72 Thursday — a welcome improvement, but still below the 80 or higher score you prefer to see. IBD's unique rating identifies share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database. History shows that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves. See if Kontoor Brands can continue to rebound and clear that threshold. While the stock is not near a proper buy point right now, see if it manages to form and break out of a proper chart pattern. EPS growth dropped last quarter from 23% to 5%, but revenue rose from 8% to 27%. Kontoor Brands holds the No. 6 rank among its peers in the Apparel-Clothing Manufacturing industry group. Ralph Lauren Cl A (RL), Tapestry (TPR) and Ermenegildo Zegna (ZGN) are among the top 5 highly rated stocks within the group. This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
