Cal-Maine Foods saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an increase from 80 to 85.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an RS Rating of at least 80 in the early stages of their moves.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to form a consolidation and break out.
The company posted 203% EPS growth last quarter, while sales growth came in at 72%.
Cal-Maine Foods earns 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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