PriceSmart saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 69 to 73.
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
History shows that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if PriceSmart can continue to rebound and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
PriceSmart is working on a consolidation with a 99.23 buy point. See if it can break out in volume at least 40% above average.
The company posted -2% earnings growth last quarter, while sales growth came in at 8%.
PriceSmart earns the No. 3 rank among its peers in the Retail-Major Discount Chains industry group. Costco Wholesale is the No. 1-ranked stock within the group.
RELATED:
Retail Industry News And Stocks To Watch
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!