Middleby saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 63 to 87.
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves.
Looking For The Best Stocks To Buy And Watch? Start Here
Middleby is trying to complete a consolidation with a 182.73 entry. See if the stock can clear the breakout price in volume at least 40% above average.
In terms of top and bottom line numbers, Middleby has posted rising EPS growth over the last three quarters. Sales growth has also moved higher over the same time frame. Middleby is expected to release its next quarterly numbers on or around May 7.
The company holds the No. 2 rank among its peers in the Household-Appliances/Hardware industry group. SharkNinja is the No. 1-ranked stock within the group.
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.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
