In a welcome move, Anheuser-Busch InBev ADR saw its Relative Strength Rating rise from 69 to 73 on Wednesday.
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This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
Over 100 years of market history shows that the top-performing stocks tend to have an 80 or higher RS Rating in the early stages of their moves. See if Anheuser-Busch InBev ADR can continue to rebound and hit that benchmark.
Anheuser-Busch InBev ADR is working on a flat base with a 72.13 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
Earnings growth picked up last quarter from 7% to 8%. But sales fell from 3% to -6%. The company is expected to report its latest earnings and sales numbers on or around Jul. 31.
Anheuser-Busch InBev ADR earns the No. 1 rank among its peers in the Beverages-Alcoholic industry group. Epsium Enterprise and Cervecerias Unidas ADR are also among the group's highest-rated stocks.
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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