Dollar General saw a positive improvement to its Relative Strength (RS) Rating on Monday, with an upgrade from 78 to 83.
Risk Management In The Stock Market: How Much Money To Invest Now
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the top-performing stocks often have an 80 or higher RS Rating as they begin their biggest price moves.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to establish and enter a buy zone in heavy trade.
Dollar General reported -52% earnings growth in the latest quarterly report. Sales gains came in at 5%.
Dollar General holds the No. 5 rank among its peers in the Retail-Discount & Variety industry group. BJ's Wholesale Club is the No. 1-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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