On Tuesday, Altria Group cleared an important technical benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 91, up from 87 the day before.
This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an RS Rating of above 80 at the beginning of a new climb.
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Altria Group is not currently showing a potential buy point. See if the stock goes on to build a base that could ignite a new run.
In terms of fundamental health, the company has posted three quarters of increasing earnings growth. Top line growth has been less impressive, coming in at 0% in the most recent quarterly report.
The company holds the No. 5 rank among its peers in the Tobacco industry group. Universal Corp 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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