When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. Smithfield Foods is one stock that just reached the mark, now earning a score of 82.
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IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
History shows that the best stocks often have an RS Rating north of 80 as they launch their biggest climbs.
Smithfield Foods is building a flat base with a 34.74 entry. See if it can break out in volume at least 40% higher than normal.
While the company's bottom line growth declined in the prior quarter from 4,200% to 63%, the top line rose -1%, up from -4% in the prior report.
Smithfield Foods earns the No. 4 rank among its peers in the Food-Meat Products industry group. Cal-Maine Foods is the top-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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