On Friday, Unilever ADR reached an important technical milestone, with its Relative Strength (RS) Rating rising into the 80-plus percentile with an upgrade to 82, a rise from 73 the day before.
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This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the best-performing stocks often have an 80 or higher RS Rating in the early stages of their moves.
Unilever ADR is trying to complete a saucer with handle with a 65.66 buy point. See if the stock can break out in heavy trade.
Unilever ADR posted 4% earnings growth last quarter, while sales growth came in at -5%.
The company earns the No. 5 rank among its peers in the Food-Packaged industry group. Seneca Foods Cl B is the No. 1-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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