In a welcome move, Simply Good Foods saw its Relative Strength Rating improve from 66 to 77 on Tuesday.
This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
Decades of market research shows that the top-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Simply Good Foods can continue to show renewed price strength and clear that threshold.
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Simply Good Foods is trying to complete a consolidation with a 40.52 entry. See if the stock can clear the breakout price in heavy volume.
Earnings growth moved up in the company's latest report from 11% to 14%, but sales fell from 17% to 11%.
Simply Good Foods holds 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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