When building 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 unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
History shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves.
JBS has climbed more than 5% past a 15.12 entry in a first-stage cup without handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
JBS posted 0% earnings growth in the latest quarterly report. Sales gains came in at -100%.
The company earns the No. 2 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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