On Friday, Pilgrim's Pride received an upgrade to its Relative Strength (RS) Rating, from 62 to 73.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matched up against all other stocks.
Decades of market research shows that the best stocks often have an RS Rating of over 80 in the early stages of their moves. See if Pilgrim's Pride can continue to show renewed price strength and clear that threshold.
Pilgrim's Pride is working on a consolidation with a 55.18 entry. See if the stock can break out in heavy trade. Keep in mind that it's a later-stage consolidation, and those entail more risk.
While EPS growth fell in the company's most recently reported quarter from 70% to 2%, the top line grew 4%, up from 2% in the previous report.
Pilgrim's Pride earns the No. 4 rank among its peers in the Food-Meat Products industry group. Cal-Maine Foods 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:
Which Stocks Are Showing Rising Relative Strength?
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!
