Dollar General had its Relative Strength (RS) Rating upgraded from 75 to 81 Thursday.
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IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves.
Dollar General has risen more than 5% past a 97.85 entry in a first-stage flat base, meaning it's now out of a proper buy range. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company posted 9% EPS growth in its most recent report, while sales growth came in at 5%.
Dollar General earns the No. 5 rank among its peers in the Retail-Discount & Variety industry group. Five Below 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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