Calavo Growers saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 70 to 74.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the best stocks typically have an 80 or better RS Rating as they begin their biggest runs. See if Calavo Growers can continue to show renewed price strength and hit that benchmark.
While the stock is not near a proper entry right now, see if it goes on to form and break out of a proper base.
Calavo Growers reported -20% EPS growth last quarter, while sales growth came in at 3%.
Calavo Growers earns the No. 4 rank among its peers in the Food-Miscellaneous Preparation industry group. Chefs' Warehouse 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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