On Friday, Symbotic received a positive adjustment to its Relative Strength (RS) Rating, from 90 to 94.
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This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
History reveals that the best stocks often have an 80 or higher RS Rating at the beginning of a new price run.
While the stock is not near a proper entry right now, see if it manages to form and break out of a proper consolidation.
Symbotic reported 0% EPS growth last quarter, while sales growth came in at 40%.
Symbotic earns the No. 13 rank among its peers in the Machinery-General Industrial industry group. Power Solutions Intl, Badger Meter and ESCO Technologies 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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