One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Performance Food Group now clears that threshold, with a jump from 71 to 81 Thursday.
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IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 as they begin their biggest runs.
Performance Food Group is building a consolidation with a 92.44 buy point. See if the stock can break out in volume at least 40% above average.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 1% to 9%. Revenue rose from 3% to 9%. The next quarterly results are expected on or around May 7.
The company earns the No. 4 rank among its peers in the Wholesale-Food industry group. G. Willi-Food Intl 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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