When putting together your watch list, focus on stocks with an 80 or higher RS Rating. BBB Foods now meets that criteria, with a jump from 80 to 84 Tuesday.
IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
History shows that the best-performing stocks often have an 80 or better RS Rating in the early stages of their moves.
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BBB Foods is building a consolidation with a 35.22 entry. See if the stock can break out in volume at least 40% above average.
The company showed 0% EPS growth last quarter, while sales growth came in at 15%.
The company earns the No. 4 rank among its peers in the Retail-Major Discount Chains industry group. PriceSmart is the No. 1-ranked stock within the group.
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