On Friday, Dollar General stock reached an important technical milestone, with its Relative Strength (RS) Rating rising into the 80-plus percentile with an upgrade to 89, an increase from 68 the day before.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
History shows that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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Is Dollar General Stock A Buy?
Dollar General stock retook its 200-day moving average in recent trading days, but it's not currently showing a potential entry point. See if the stock goes on to build a chart pattern that could launch a new move. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
EPS growth declined in the company's latest report from -2% to -15%, but sales rose from 3% to 4%.
Dollar General stock holds the No. 4 rank among its peers in the Retail-Discount & Variety industry group. Dollar Tree and BJs Wholesale Hldgs are also among the group's highest-rated stocks.
