The Relative Strength (RS) Rating for Mondelez International stock entered a new percentile Friday, as it got a lift from 63 to 72.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks compares to the rest of the market.
Decades of market research reveals that the best-performing stocks tend to have an RS Rating of above 80 in the early stages of their moves. See if Mondelez International stock can continue to show renewed price strength and clear that threshold.
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Is Mondelez International Stock A Buy?
Mondelez International stock is working on a cup with handle with a 70.60 entry. See if the food stock can clear the breakout price in heavy volume. This is not the time to buy stocks during a market correction, but build a watchlist of possible emerging leaders once the market trend turns around.
While earnings growth dropped last quarter from 29% to -21%, sales grew 3%, up from 2% in the prior report.
Mondelez stock earns the No. 1 rank among its peers in the Food-Confectionery industry group. Tootsie Roll Indus and Hershey are also among the group's highest-rated stocks.
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.
