The Relative Strength (RS) Rating for Simply Good Foods headed into a higher percentile Friday, as it got a lift from 69 to 74.
This unique rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if Simply Good Foods can continue to rebound and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a base and break out.
While earnings growth decreased last quarter from 14% to 11%, sales rose 17%, up from 3% in the previous report. The next quarterly results are expected on or around Jan. 9.
The company earns the No. 1 rank among its peers in the Food-Confectionery industry group. Tootsie Roll Indus and Mondelez Intl Cl A are also among the group's highest-rated stocks.
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