When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Smithfield Foods just met that criteria with a new score of 86.
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This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
Over 100 years of market history reveals that the best stocks often have an 80 or better RS Rating as they begin their biggest climbs.
Smithfield Foods is building a flat base with a 34.74 buy point. See if it can break out in heavy trade.
The stock's relative strength line is in new high territory, a promising indicator ahead of a potential breakout.
Earnings grew 84% last quarter, up from 63% in the prior report. Revenue also increased, from -1% to 9%.
Smithfield Foods holds the No. 2 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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