Mondelez Intl Cl A saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 69 to 82.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
History reveals that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves.
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Mondelez Intl Cl A is trying to complete a cup with handle with a 70.60 entry. See if the stock can break out in volume at least 40% above average.
While the company's bottom line growth decreased in the prior quarter from 29% to -21%, the top line rose 3%, up from 2% in the previous report. Look for the next report on or around Apr. 29.
The company earns the No. 1 rank among its peers in the Food-Confectionery industry group. Simply Good Foods and Tootsie Roll Indus are also among the group's highest-rated stocks.
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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