G-III Apparel Group (GIII) stock saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 77 to 81.

This unique rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.

Decades of market research reveals that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating as they launch their biggest price moves.

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Is G-III Apparel Group Stock A Buy?

G-III Apparel Group stock broke out earlier, but has fallen back below the prior 35.68 entry from a consolidation. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to take shape. Also understand that the most recent consolidation is a later-stage base, and those involve more risk.

While earnings-per-share growth dropped in the company's most recent quarterly report from 30% to -7%, sales rose 2%, up from -2% in the previous report.

G-III Apparel Group stock holds the No. 6 rank among its peers in the Apparel-Clothing Manufacturing industry group. Ralph Lauren Cl A (RL), Tapestry (TPR) and Victoria's Secret (VSCO) are among the top 5 highly rated stocks within the group.

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