The Relative Strength (RS) Rating for Conagra Brands jumped into a new percentile Wednesday, with an increase from 80 to 84. Conagra Brands is trying to complete a cup without handle with a 41.40 buy point. See if CAG stock can clear the breakout price in volume at least 40% above average.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the best-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
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CAG Stock Working On A Breakout
Conagra Brands is trying to complete a cup without handle with a 41.40 buy point. See if CAG stock can clear the breakout price in volume at least 40% above average.
Last month Conagra Brands reported earnings. While sales growth fell last quarter from 8% to 6%, earnings-per-share grew 31%, up from 27% in the previous report.
CAG stock earns the No. 7 rank among its peers in the Food-Packaged industry group. Sovos Brands and Hostess Brands are also among the group's highest-rated stocks.
