One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Albertsons cleared that benchmark Monday, with a jump from 80 to 84 Monday.
This unique rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an RS Rating north of 80 as they launch their biggest climbs.
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Albertsons is trading within a buy range after moving past a 21.67 buy point in a cup with handle. Once a stock moves 5% or higher beyond the initial entry, it's considered out of buy range.
Albertsons reported -10% EPS growth in its most recent report. Sales rose 1%. The company is expected to report its latest numbers on or around Apr. 15.
The company holds the No. 7 rank among its peers in the Retail-Super/Mini Markets industry group. Sprouts Farmers Market, Casey's General Stores 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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