Cal-Maine Foods earned an upgrade to its Relative Strength (RS) Rating, rising to 91. The company produces, packs, and sells fresh shell eggs under brand names such Land O'Lakes, Farmhouse, Egg-Land's Best and 4-Grain..
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
History reveals that the best stocks typically have an 80 or better RS Rating as they launch their biggest price moves.
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Is Cal-Maine Foods Stock A Buy?
Cal-Maine Foods stock is working on a saucer with handle with a 43.34 entry. See if it can clear the breakout price in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips. Also, check out "Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks."
The company reported -92% earnings growth in its most recent report. Sales gains came in at 13%.
Cal-Maine Foods stock holds the No. 5 rank among its peers in the Food-Meat Products industry group. Sanderson Farms and Hormel Foods are also among the group's highest-rated stocks.
