When building your watch list, focus on stocks with an 80 or higher RS Rating. Archer Daniels Midland is one stock that just reached the mark, now earning a score of 81.
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IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an RS Rating of above 80 as they launch their biggest climbs.
Archer Daniels Midland is not currently near a potential buying area. See if the stock goes on to build a promising consolidation that could spark a new run.
Although earnings and sales growth came in at -10% and -5%, respectively, in the latest report, that marked acceleration for both earnings-per-share and sales.
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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