Grocery Outlet Holding had its Relative Strength (RS) Rating upgraded from 79 to 82 Thursday.
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IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
Decades of market research reveals that the market's biggest winners typically have an RS Rating of above 80 as they begin their biggest climbs.
Grocery Outlet Holding is not currently near a potential buying area. See if the stock goes on to build a base that could spark a new run.
The company reported -8% earnings growth in its most recent report, while sales growth came in at 5%.
The company holds the No. 6 rank among its peers in the Retail-Discount & Variety industry group. Five Below, MINISO Group Holding ADR and Ollie's Bargain Outlet 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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