The Relative Strength (RS) Rating for Sysco moved into a higher percentile Wednesday, as it got a lift from 63 to 71.
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IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating as they launch their biggest runs. See if Sysco can continue to show renewed price strength and clear that threshold.
Sysco is working on a consolidation with an 82.89 buy point. See if it can break out in heavy volume.
The company showed 4% EPS growth in its most recent report. Sales gains came in at 4%. Look for the next report on or around Apr. 29.
The company earns the No. 6 rank among its peers in the Wholesale-Food industry group. G. Willi-Food Intl, US Foods Holding and United Natural Foods 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.
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