WK Kellogg saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 76 to 81.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against that of all other stocks.
Decades of market research shows that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.
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WK Kellogg is trying to complete a double bottom with a 21.66 buy point. See if the stock can break out in heavy trading.
Earnings growth rose in the company's latest report from -6% to 45%, but the top line fell from 0% to -2%.
WK Kellogg holds the No. 7 rank among its peers in the Food-Packaged industry group. Kellanova, Seneca Foods Cl A and Lancaster Colony are among the top 5 highly rated stocks within the group.
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