On Monday, Dollar General earned an upgrade to its Relative Strength (RS) Rating, from 67 to 71.
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matched up against all other stocks.
Decades of market research reveals that the best stocks tend to have an 80 or higher RS Rating as they launch their largest price moves. See if Dollar General can continue to rebound and clear that threshold.
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While the stock is not near an ideal buy point right now, see if it goes on to form and break out from a proper chart pattern.
The company showed -52% earnings growth in the latest quarterly report. Sales increased 5%.
Dollar General earns the No. 4 rank among its peers in the Retail-Discount & Variety industry group. BJ's Wholesale Club 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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