On Wednesday, Sensient Technologies hit an important technical milestone, with its Relative Strength (RS) Rating moving into the 90-plus percentile with an upgrade to 93, up from 90 the day before.
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IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating as they begin their largest price moves.
Sensient Technologies is in a buying range after breaking past a 98.27 buy point in a flat base. Once a stock moves 5% or higher beyond the original entry, it's considered extended and out of buy range.
The company posted 9% EPS growth last quarter. Revenue rose 2%. The company is expected to report its latest results on or around Jul. 25.
The company holds the No. 2 rank among its peers in the Food-Miscellaneous Preparation industry group. Chefs' Warehouse 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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