The Relative Strength (RS) Rating for La-Z-Boy (LZB) climbed into a new percentile Monday, as it got a lift from 70 to 73.
The home furniture sector has been trending during the pandemic as Americans were stuck at home. Consumers put that time to good use by updating their interior and outdoor space. The real estate boom also helped fuel retail sales, such as La-Z-Boy, as new home owners furnish their new abode.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD’s proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock’s price action over the last 52 weeks compares to the rest of the market.
Decades of market research reveals that the market’s biggest winners typically have an RS Rating of above 80 as they launch their largest price moves. See if La-Z-Boy can continue to rebound and clear that threshold.
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Is La-Z-Boy Stock A Buy?
La-Z-Boy stock is trying to complete a three-month long consolidation with a 46.44 buy point. See if it can break out in heavy trade. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.
The company showed 3% EPS growth in the latest quarterly report. Revenue rose -1%.
La-Z-Boy stock earns the No. 12 rank among its peers in the Retail-Home Furnishings industry group. Haverty Furniture (HVTA) and RH (RH) are also among the group’s highest-rated stocks. For more industry news, check out “Retail And E-Commerce Stocks And Industry News.”
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