The Relative Strength (RS) Rating for Fresh Del Monte Produce moved into a new percentile Tuesday, as it got a lift from 67 to 71.
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History shows that the market's biggest winners typically have an 80 or better RS Rating as they launch their largest climbs. See if Fresh Del Monte Produce can continue to rebound and hit that benchmark.
Fresh Del Monte Produce is not currently offering a proper buying opportunity. See if the stock goes on to form a chart pattern that could kick off a new climb.
While earnings-per-share growth dropped in the company's most recently reported quarter from 91% to 16%, sales rose 4%, up from -1% in the previous report.
The company earns the No. 3 rank among its peers in the Food-Miscellaneous Preparation industry group. Chefs' Warehouse 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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