WK Kellogg had its Relative Strength (RS) Rating upgraded from 63 to 86 Friday.
IBD's proprietary rating measures share price performance with a 1 (worst) to 99 (best) score. The score 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 market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves.
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WK Kellogg has risen more than 5% past a 14.22 entry in a first-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings growth fell in the most recent report from 13% to -6%. But revenue gains moved higher, from -4% to 0%.
WK Kellogg earns the No. 7 rank among its peers in the Food-Packaged industry group. Freshpet, Kellanova and J&J Snack Foods are among the top 5 highly rated stocks within the group.
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