In a welcome move, Middleby saw its Relative Strength Rating rise from 69 to 72 on Monday.
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This exclusive rating from Investor's Business Daily tracks share 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.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating of at least 80 in the early stages of their moves. See if Middleby can continue to show renewed price strength and hit that benchmark.
Middleby is trying to complete a consolidation with a 182.73 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
In terms of fundamentals, the company has posted four quarters of rising earnings growth. Sales growth has been a different story, coming in at -2% in the latest report. The company is expected to report its next quarterly numbers on or around Jul. 31.
Middleby earns the No. 3 rank among its peers in the Household-Appliances/Hardware industry group. SharkNinja is the top-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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