The Relative Strength (RS) Rating for PriceSmart entered a new percentile Monday, with a rise from 71 to 81.
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This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the best stocks typically have an 80 or better RS Rating in the early stages of their moves.
PriceSmart has moved more than 5% past a 95.08 entry in a first-stage double bottom, meaning it's now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
While the company's bottom line growth fell last quarter from 11% to 6%, revenue grew 7%, up from 6% in the prior report.
PriceSmart holds the No. 1 rank among its peers in the Retail-Major Discount Chains industry group. Costco Wholesale and Walmart are also among the group's highest-rated stocks.
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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