On Monday, Albertsons Companies stock reached an important technical milestone, with its Relative Strength (RS) Rating entering into the 80-plus percentile with an improvement to 88, an increase from 79 the day before.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest climbs.
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Is Albertsons Companies Stock A Buy?
Albertsons Companies stock has been trading below its 50- and 200- day moving averages and is trying to complete a consolidation with a 38.09 buy point. See if it can break out in heavy volume.
Taking a look at top and bottom line numbers, Albertsons Companies has posted three quarters of accelerating earnings growth. Revenue gains have also risen over the same time frame.
Albertsons Companies stock holds the No. 3 rank among its peers in the Retail-Super/Mini Markets industry group. Ingles Markets and Albertsons Companies are also among the group's highest-rated stocks.
