The Relative Strength (RS) Rating for Kraft Heinz climbed into a higher percentile Tuesday, as it got a lift from 63 to 72.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating tracks share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves. See if Kraft Heinz can continue to rebound and hit that benchmark.
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Kraft Heinz recently fell back after clearing an entry point on a cup with handle. See if the stock can create a new pattern with a fresh entry. Using an older pivot is often a risky a proposition.
Earnings Report
Kraft Heinz saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -10% to -3%. Revenue rose from -1% to 3%. Look for the next report on or around Feb. 15.
Kraft Heinz earns the No. 15 rank among its peers in the Food-Packaged industry group. Lamb Weston Holdings and Seneca Foods Cl A are also among the group's highest-rated stocks.
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