On Thursday, Andersons stock hit an important technical benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 95, up from 67 the day before.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength. IBD's proprietary rating measures price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks often have an 80 or better RS Rating at the beginning of a new price run.
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Is Anderson Stock A Buy?
Anderson stock has been rallying the last few weeks to trade around its 200-day moving average. While the stock is not near a proper buying range right now, see if it is able to form and break out of a proper consolidation. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings growth increased last quarter from -50% to 193%. But sales fell from 53% to 38%.
Andersons stock holds the No. 3 rank among its peers in the Food-Grain & Related industry group. Archer Daniels Midland and Ingredion are among the top 5 highly rated stocks within the group.
