The Relative Strength (RS) Rating for Smithfield Foods moved up into a new percentile Thursday, as it got a lift from 68 to 76.
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IBD's unique rating identifies share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks often have an RS Rating north of 80 as they begin their largest price moves. See if Smithfield Foods can continue to show renewed price strength and hit that benchmark.
Smithfield Foods is trying to complete a flat base with a 34.74 entry. See if it can break out in volume at least 40% higher than normal.
While the company's bottom line growth declined in the company's most recent performance report from 84% to 15%, revenue rose 11%, up from 10% in the prior report.
The company holds the No. 3 rank among its peers in the Food-Meat Products industry group. Cal-Maine Foods 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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