Darling Ingredients had its Relative Strength (RS) Rating upgraded from 68 to 76 Friday — a welcome improvement, but still below the 80 or better score you prefer to see.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating identifies 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.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating north of 80 as they launch their largest runs. See if Darling Ingredients can continue to show renewed price strength and clear that threshold.
Darling Ingredients is building a double bottom with a 42.15 buy point. See if the stock can clear the breakout price in heavy trading.
While earnings-per-share growth declined in the prior quarter from 21% to 0%, sales grew -3%, up from -12% in the previous report. Keep an eye out for the company's next round of numbers on or around Jul. 24.
The company earns the No. 6 rank among its peers in the Agricultural Operations industry group. Corteva, Mission Produce and Darling Ingredients 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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
