On Thursday, Altria Group received a positive adjustment to its Relative Strength (RS) Rating, from 68 to 77.
When To Sell Stocks To Lock In Profits And Minimize Losses
This unique rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best stocks often have an RS Rating of above 80 as they launch their biggest runs. See if Altria Group can continue to show renewed price strength and hit that benchmark.
Altria Group is still inside a buying range after moving past a 61.26 buy point in a flat base. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity..
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 8%, compared to 6% in the prior report. Revenue increased from -6% to -2%.
The company earns the No. 5 rank among its peers in the Tobacco industry group. Turning Point Brands is the No. 1-ranked stock 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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