United Natural Foods stock saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 73 to 85.
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IBD's unique rating identifies price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks typically have an RS Rating of at least 80 as they begin their biggest climbs.
Is United Natural Foods Stock A Buy?
United Natural Foods stock reclaimed its 50-day moving averaged and is working on a consolidation with a 31.83 buy point. See if it can clear the breakout price in volume at least 40% above average.
Earnings grew 340% last quarter, up from 214% in the prior report. Revenue also increased, from 5% to 7%.
United Natural Foods stock holds the No. 4 rank among its peers in the Wholesale-Food industry group. Performance Food Group is the top-ranked stock within the group.
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