The Relative Strength (RS) Rating for Flowers Foods stock entered a new percentile Wednesday, with an increase from 77 to 86.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 as they launch their biggest price moves.
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Is Flower Foods Stock A Buy?
Flowers Foods stock is trading tightly above its 50-day and 200-day moving average, a good sign. The bakery products provider is working on a consolidation with a 29.83 buy point. See if it can break out in heavy trade.
The food company posted 7% EPS growth last quarter. Sales rose 0%.
Flower Foods stock holds the No. 3 rank among its peers in the Food-Packaged industry group. Pepsico and Flowers Foods are also among the group's highest-rated stocks.
