In a welcome move, PriceSmart saw its Relative Strength Rating rise from 66 to 73 on Wednesday.
This proprietary rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the top-performing stocks tend to have an RS Rating north of 80 as they begin their biggest price moves. See if PriceSmart can continue to rebound and clear that threshold.
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While PriceSmart is not near a proper buy point right now, see if it goes on to form and break out of a proper consolidation.
PriceSmart showed 4% EPS growth in its most recent report. Sales rose 12%. The company is expected to report its latest results on or around Oct. 30.
PriceSmart earns the No. 3 rank among its peers in the Retail-Major Discount Chains industry group. Walmart is the top-ranked stock within the group.
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