On Monday, Ingredion hit a key technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 79 the day before.
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IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an RS Rating of over 80 as they begin their biggest runs.
Ingredion is working on a cup without handle with a 155.44 entry. See if the stock can clear the breakout price in volume at least 40% above average.
Ingredion saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 34% to 43%. Revenue rose from -6% to -4%.
The company earns 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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