BBB Foods saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 72 to 82.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an RS Rating of at least 80 as they begin their biggest runs.
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BBB Foods is building a double bottom with a 31.99 entry. See if it can clear the breakout price in volume at least 40% above average.
BBB Foods posted 0% earnings growth in the latest quarterly report. Revenue gains came in at 15%. The company is expected to report its latest earnings and sales numbers on or around Apr. 9.
The company earns the No. 4 rank among its peers in the Retail-Major Discount Chains industry group. Costco Wholesale 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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