On Thursday, Archer Daniels Midland got an upgrade to its Relative Strength (RS) Rating, from 78 to 81.
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IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the best stocks tend to have an RS Rating of at least 80 in the early stages of their moves.
While it's not currently an ideal time to buy shares, see if the stock is able to establish and enter a buy zone in heavy trade.
Although earnings and sales growth came in at -10% and -5%, respectively, in the latest report, that showed improvement for both EPS and revenue.
The company holds the No. 1 rank among its peers in the Food-Grain & Related industry group. Ingredion and Andersons 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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