The Relative Strength (RS) Rating for Simply Good Foods climbed into a new percentile Monday, with a rise from 78 to 81.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History shows that the best stocks tend to have an 80 or higher RS Rating in the early stages of their moves.
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Is Simply Good Foods Stock A Buy?
Simply Good Foods stock is building a consolidation with a 43.27 buy point. See if it can break out in heavy trading. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Top and bottom line growth moved higher last quarter. Earnings were up 48%, compared to 45% in the prior report. Revenue increased from 17% to 22%. Look for the next report on or around Apr. 7.
Simply Good Foods stock earns the No. 1 rank among its peers in the Food-Confectionery industry group. Among 197 industries, the subgroup is ranked No. 27 as of Monday.
