In a welcome move, Cal-Maine Foods saw its Relative Strength Rating rise from 68 to 73 on Friday. Although this egg-producing firm has fallen, it has not cracked. It is fighting its way back up, albeit with lower volume.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
This unique rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 as they launch their largest climbs. See if Cal-Maine Foods can continue to rebound and hit that benchmark.
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Cal-Maine Foods is not currently near a potential buying area. It still needs to retake key moving averages. See if the stock goes on to form a promising consolidation that could launch a new move.
Top and bottom line growth moved higher last quarter. Earnings were up 20,250%, compared to 0% in the prior report. Revenue increased from 103% to 110%.
The company holds the No. 2 rank among its peers in the Food-Meat Products industry group. Pilgrim's Pride is also among the group's highest-rated stocks.
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