On Wednesday, Freshpet earned a positive adjustment to its Relative Strength (RS) Rating, from 77 to 83.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily measures price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the best-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves.
See How IBD Helps You Make More Money In Stocks
Freshpet is trying to complete a double bottom with a 68.90 buy point. See if the stock can clear the breakout price in heavy trade. As noted below, earnings are due in about 12 days.
Earnings Preview
Freshpet reported 0% earnings growth in its most recent report. Revenue increased 43%. The next quarterly numbers are expected on or around May 8.
Freshpet earns the No. 18 rank among its peers in the Food-Packaged industry group. Sovos Brands and General Mills are also among the group's highest-rated stocks.
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
