When putting together your watch list, look for stocks with an 80 or higher RS Rating. Fresh Del Monte Produce just cleared that benchmark with an upgrade from 75 to 81.
IBD's proprietary RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the best stocks tend to have an RS Rating north of 80 as they begin their biggest price moves.
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Fresh Del Monte Produce is building a consolidation with a 35.27 entry. See if the stock can clear the breakout price in volume at least 40% above average.
Fresh Del Monte Produce reported 4% EPS growth in the latest quarterly report, while sales growth came in at 0%.
Fresh Del Monte Produce holds the No. 3 rank among its peers in the Food-Miscellaneous Preparation industry group. Chefs' Warehouse is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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