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Vail Resorts Stock Further Scales RS Rating Mountain

On Monday, Vail Resorts (MTN) hit an important technical milestone, with its Relative Strength Rating moving into the 80-plus percentile with an improvement to 83, a rise from 80 the day before. Is Vail Resorts stock on your watchlist?

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s unique RS Rating tracks technical performance by showing how a stock’s price action over the last 52 weeks compares to that of the other stocks in our database.

History reveals that the market’s biggest winners often have an RS Rating of over 80 in the early stages of their moves. So the 83 RS Rating for Vail Resorts stock is noteworthy.


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Is Vail Resorts Stock In The Buy Zone?

Vail Resorts stock is still inside a buying range after clearing a 338.60 entry in a consolidation. Once a stock moves 5% or higher beyond the initial entry, it’s considered out of a proper buy zone. However, with the stock market in a correction, now is not the best time to purchase stocks.

Earnings growth for the ski resort operator declined in the most recent quarter, from 57% to 8%. But sales growth improved, from 28% to 164%.

Vail Resorts stock earns the No. 6 rank among its peers in the Leisure-Services industry group. RCI Hospitality (RICK) and Warner Music Group (WMG) are also among the group’s highest-rated stocks.

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