One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Albertsons cleared that benchmark Thursday, with a jump from 80 to 83 Thursday.
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IBD's unique RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Over 100 years of market history reveals that the market's biggest winners typically have an 80 or higher RS Rating as they launch their biggest climbs.
Albertsons is trying to complete a consolidation with a 23.20 entry. See if the stock can break out in heavy volume.
While EPS growth decreased in the company's most recent quarterly report from -10% to -15%, revenue grew 3%, up from 1% in the previous report.
Albertsons holds the No. 6 rank among its peers in the Retail-Super/Mini Markets industry group. Sprouts Farmers Market, Natural Grocers and Village Super Market A 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.
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