On Monday, Universal Corp got a positive adjustment to its Relative Strength (RS) Rating, from 84 to 91.
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IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
Universal Corp has climbed more than 5% past a 56.19 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Universal Corp reported negative growth for both the top and bottom lines last quarter.
The company holds the No. 2 rank among its peers in the Tobacco industry group. Turning Point Brands 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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