On Monday, Cal-Maine Foods reached a noteworthy performance benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 92, up from 89 the day before.
Here Are 3 Keys For Successful Stock Investing
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating as they begin their largest price moves.
Cal-Maine Foods is building a cup without handle with a 116.41 entry. See if the stock can break out in volume at least 40% above average.
EPS growth fell last quarter from 1,177% to 246%, but revenue rose from 82% to 102%.
Cal-Maine Foods holds the No. 1 rank among its peers in the Food-Meat Products industry group. Smithfield Foods and Pilgrim's Pride 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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