Albertsons had its Relative Strength (RS) Rating upgraded from 66 to 77 Monday — a welcome improvement, but still shy of the 80 or better score you prefer to see.
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This unique rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the top-performing stocks tend to have an RS Rating of at least 80 as they launch their largest price moves. See if Albertsons can continue to rebound and hit that benchmark.
Albertsons is trying to complete a consolidation with a 23.20 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
While the company's bottom line growth dropped in the company's most recently reported quarter from -10% to -15%, the top line grew 3%, up from 1% in the prior report.
Albertsons earns the No. 6 rank among its peers in the Retail-Super/Mini Markets industry group. Sprouts Farmers Market, Village Super Market A and Casey's General Stores 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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