The Relative Strength (RS) Rating for WK Kellogg moved up into a new percentile Tuesday, as it got a lift from 61 to 79.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 as they begin their largest climbs. See if WK Kellogg can continue to show renewed price strength and hit that benchmark.
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WK Kellogg is now considered extended and out of buy range after clearing a 14.22 buy point in a first-stage flat base. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth moved up last quarter from -6% to 45%, but the top line fell from 0% to -2%.
WK Kellogg earns the No. 7 rank among its peers in the Food-Packaged industry group. Kellanova, Seneca Foods Cl A and Nomad Foods are among the top 5 highly rated stocks within the group.
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