One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Ingredion cleared that benchmark Tuesday, with a jump from 74 to 81 Tuesday.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks typically have an 80 or higher RS Rating as they launch their biggest runs.
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Ingredion is trying to complete a consolidation with a 155.44 entry. See if it can clear the breakout price in volume at least 40% above average.
Top and bottom line growth moved higher last quarter. Earnings were up 34%, compared to 31% in the prior report. Revenue increased from -8% to -6%.
The company earns the No. 1 rank among its peers in the Food-Grain & Related industry group. Archer Daniels Midland and Andersons 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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