Diageo saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an increase from 70 to 74.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an RS Rating of over 80 in the early stages of their moves. See if Diageo can continue to rebound and clear that threshold.
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Diageo is trying to complete a flat base with a 202.45 buy point. See if it can clear the breakout price in heavy volume.
Diageo posted 85% EPS growth last quarter, while sales growth came in at 44%.
The company holds the No. 1 rank among its peers in the Beverages-Alcoholic industry group.
