On Tuesday, BBB Foods hit an important technical benchmark, with its Relative Strength (RS) Rating rising into the 80-plus percentile with an improvement to 82, an increase from 78 the day before.
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IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the top-performing stocks tend to have an 80 or better RS Rating as they launch their biggest runs.
BBB Foods is building a consolidation with a 35.22 buy point. See if the stock can break out in heavy trade.
The company reported 0% EPS growth in the latest quarterly report. Revenue rose 9%.
The company earns the No. 4 rank among its peers in the Retail-Major Discount Chains industry group. PriceSmart 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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