In a welcome move, BBB Foods saw its Relative Strength Rating rise from 67 to 76 on Wednesday.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to other publicly traded companies.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves. See if BBB Foods can continue to show renewed price strength and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
While BBB Foods is not near an ideal buy point right now, see if it is able to form and break out from a proper base.
The company showed 0% earnings growth in its most recent report, while sales growth came in at 15%.
BBB Foods earns the No. 4 rank among its peers in the Retail-Major Discount Chains industry group. Walmart is the No. 1-ranked stock within the group.
RELATED:
Retail Industry News And Stocks To Watch
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
