On Monday, United Natural Foods got an upgrade to its Relative Strength (RS) Rating, from 67 to 73.
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This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves. See if United Natural Foods can continue to rebound and clear that threshold.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to offer and clear a proper buy point.
United Natural Foods saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 214% to 340%. Revenue rose from 5% to 7%.
United Natural Foods holds the No. 6 rank among its peers in the Wholesale-Food industry group. US Foods Holding, G. Willi-Food Intl and Performance Food Group are among the top 5 highly rated stocks 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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