The Relative Strength (RS) Rating for Pilgrim's Pride entered a new percentile Thursday, with a rise from 78 to 82.
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IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves.
Pilgrim's Pride is not currently showing a potential buy point. See if the stock goes on to build a sound pattern that could spark a new run.
While the company's bottom line growth dropped in the company's most recently reported quarter from 129% to 70%, sales grew 2%, up from -3% in the prior report.
The company earns the No. 4 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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