In a welcome move, Ingredion saw its Relative Strength Rating rise from 66 to 71 on Monday.
Can You Really Time The Stock Market?
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 trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an 80 or better RS Rating as they begin their biggest runs. See if Ingredion can continue to rebound and hit that benchmark.
Ingredion is trying to complete a cup with handle with a 141.78 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 43%, compared to 34% in the prior report. Revenue increased from -6% to -4%.
The company holds the No. 1 rank among its peers in the Food-Grain & Related industry group. Archer Daniels Midland and Andersons are also among the group's highest-rated stocks.
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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