WK Kellogg had its Relative Strength (RS) Rating upgraded from 65 to 73 Tuesday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the market's biggest winners typically have an RS Rating north of 80 as they begin their largest price moves. See if WK Kellogg can continue to rebound and hit that benchmark.
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WK Kellogg is now considered extended and out of buy range after clearing a 14.22 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company showed 13% EPS growth in the latest quarterly report. Revenue gains came in at -4%. The company is expected to report its latest results on or around Nov. 7.
WK Kellogg earns the No. 12 rank among its peers in the Food-Packaged industry group. Kellanova, Freshpet and Unilever ADR are among the top 5 highly rated stocks within the group.
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