The Relative Strength (RS) Rating for Ingredion moved into a higher percentile Tuesday, as it got a lift from 67 to 71.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners typically have an RS Rating of above 80 as they launch their largest price moves. See if Ingredion can continue to show renewed price strength and clear that threshold.
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While the stock is not near an ideal buying range right now, see if it is able to form and break out of a proper chart pattern.
Earnings grew 34% last quarter, up from 31% in the prior report. Revenue also increased, from -8% to -6%.
The company earns the No. 1 rank among its peers in the Food-Grain & Related industry group. Andersons and Archer Daniels Midland 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.
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