When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Grocery Outlet Holding now meets that criteria, with a jump from 77 to 85 Thursday.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an RS Rating of at least 80 in the early stages of their moves.
While it's not currently an ideal time to invest, see if the stock manages to form a chart pattern and break out.
Grocery Outlet Holding showed -8% EPS growth in its most recent report. Revenue rose 5%.
Grocery Outlet Holding holds the No. 5 rank among its peers in the Retail-Discount & Variety industry group. MINISO Group Holding ADR 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.
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