Middleby had its Relative Strength (RS) Rating upgraded from 62 to 71 Wednesday — a welcome improvement, but still short of the 80 or better score you look for.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's unique rating identifies price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the best stocks often have an RS Rating north of 80 as they launch their largest climbs. See if Middleby can continue to show renewed price strength and hit that benchmark.
Middleby is building a consolidation with a 182.73 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
In terms of fundamentals, Middleby has posted rising EPS growth over the last four quarters. Top line growth has not followed the same trajectory, coming in at -2% in the latest report. Middleby is expected to report its next quarterly numbers on or around Jul. 31.
The company earns the No. 3 rank among its peers in the Household-Appliances/Hardware industry group. SharkNinja 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.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
