In a welcome move, Simply Good Foods saw its Relative Strength Rating rise from 66 to 73 on Tuesday.
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to the rest of the market.
History shows that the best stocks tend to have an RS Rating of at least 80 in the early stages of their moves. See if Simply Good Foods can continue to show renewed price strength and clear that threshold.
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Simply Good Foods is building a consolidation with a 40.52 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
While sales growth fell last quarter from 17% to 11%, the bottom line grew 14%, up from 11% in the previous report. The next quarterly numbers are expected on or around Apr. 2.
Simply Good Foods earns the No. 1 rank among its peers in the Food-Confectionery industry group. Hershey and Mondelez Intl Cl A 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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