In a welcome move, Altria Group saw its Relative Strength Rating improve from 70 to 76 on Thursday.
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 identifies how a stock's price action over the last 52 weeks compares to other publicly traded companies.
Over 100 years of market history reveals that the best stocks typically have an RS Rating north of 80 as they launch their largest climbs. See if Altria Group can continue to rebound and clear that threshold.
Altria Group is building a flat base with a 61.26 buy point. See if it can clear the breakout price in heavy trading.
Altria Group posted 6% EPS growth in its most recent report, while sales growth came in at -6%. Keep an eye out for the company's next round of numbers on or around Jul. 30.
The company earns the No. 5 rank among its peers in the Tobacco industry group. Turning Point Brands 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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