When putting together your watch list, focus on stocks with an 80 or higher RS Rating. JBS just cleared that benchmark with an upgrade from 78 to 82.
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This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks tend to have an RS Rating of over 80 as they launch their biggest runs.
JBS is trading within a buy range after clearing a 15.12 entry in a cup without handle. Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buying area.
The company reported 0% EPS growth in the latest quarterly report. Sales rose -100%.
JBS holds the No. 2 rank among its peers in the Food-Meat Products industry group. Cal-Maine Foods is the No. 1-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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