Casey's General Stores had its Relative Strength (RS) Rating upgraded from 84 to 91 Wednesday.
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This proprietary rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 at the beginning of a new run.
Casey's General Stores has risen more than 5% past a 474.97 entry in a first-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
While sales growth fell last quarter from 17% to 11%, EPS grew 12%, up from 0% in the previous report.
The company holds the No. 3 rank among its peers in the Retail-Super/Mini Markets industry group. Sprouts Farmers Market 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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