The Relative Strength (RS) Rating for Fomento Econ Mex ADR moved up into a higher percentile Wednesday, as it got a lift from 63 to 72.
Can You Really Time The Stock Market?
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matched up against all other stocks.
Decades of market research reveals that the best-performing stocks often have an RS Rating north of 80 as they begin their largest climbs. See if Fomento Econ Mex ADR can continue to show renewed price strength and hit that benchmark.
While it's not currently an ideal time to jump in, see if the stock manages to establish and enter a buying range in heavy trade.
While sales growth fell last quarter from -8% to -10%, the bottom line grew 4%, up from -55% in the previous report.
The company holds the No. 12 rank among its peers in the Beverages-Non-Alcoholic industry group. Primo Brands, Embotell Andina A ADR and Embotell Andina B ADR are among the top 5 highly rated stocks 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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