In a welcome move, Smithfield Foods saw its Relative Strength Rating improve from 66 to 74 on Monday.
IBD's unique rating tracks share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the top-performing stocks often have an RS Rating north of 80 as they launch their biggest runs. See if Smithfield Foods can continue to show renewed price strength and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
Smithfield Foods is working on a flat base with a 34.74 entry. See if it can break out in heavy trading.
Smithfield Foods showed 4,200% EPS growth last quarter, while sales growth came in at -4%.
Smithfield Foods holds the No. 5 rank among its peers in the Food-Meat Products industry group. Cal-Maine Foods is the No. 1-ranked stock within the group.
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!
