Lancaster Colony had its Relative Strength (RS) Rating upgraded from 69 to 74 Monday — a welcome improvement, but still shy of the 80 or higher score you look for.
This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks typically have an RS Rating north of 80 as they begin their biggest climbs. See if Lancaster Colony can continue to rebound and clear that threshold.
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While Lancaster Colony is not near a proper buy zone right now, see if it manages to form and break out from a proper consolidation.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -5% to 12%. Revenue rose from 1% to 5%.
The company earns the No. 4 rank among its peers in the Food-Packaged industry group. Nomad Foods 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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