On Thursday, WK Kellogg got an upgrade to its Relative Strength (RS) Rating, from 66 to 73.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
History shows that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves. See if WK Kellogg can continue to rebound 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 line.
EPS growth decreased in the company's latest report from 13% to -6%, but the top line rose from -4% to 0%.
The company earns the No. 12 rank among its peers in the Food-Packaged industry group. Freshpet, Kellanova and Seneca Foods Cl B are among the top 5 highly rated stocks within the group.
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