We track 19 stocks in the Textiles & Apparels industry (part of Textiles), each checked every evening for a base — a stretch where the price moves sideways in a range instead of trending.
As of the latest close, 14 are still building a base; 2 broke out of a base in the last five sessions; and 3 broke out earlier and are still above the breakout level.
The middle stock in this industry has a relative strength reading of 58 out of 99. That reading ranks each stock's price performance over the past year against every stock we track; half of this industry's 19 ranked stocks sit above 58 and half below. 9 stocks have a reading of 70 or higher.
13 of the 19 stocks we could measure (68%) closed above their 200-day average price — the average close over the last 200 trading sessions.