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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

IBD Rating Upgrades: PriceSmart Flashes Improved Price Strength

In a welcome move, PriceSmart saw its Relative Strength Rating rise from 66 to 73 on Wednesday.

This proprietary rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.

History reveals that the top-performing stocks tend to have an RS Rating north of 80 as they begin their biggest price moves. See if PriceSmart can continue to rebound and clear that threshold.

Can You Really Time The Stock Market?

While PriceSmart is not near a proper buy point right now, see if it goes on to form and break out of a proper consolidation.

PriceSmart showed 4% EPS growth in its most recent report. Sales rose 12%. The company is expected to report its latest results on or around Oct. 30.

PriceSmart earns the No. 3 rank among its peers in the Retail-Major Discount Chains industry group. Walmart is the top-ranked stock within the group.

RELATED:

Retail Industry News And Stocks To Watch

IBD Stock Rating Upgrades: Rising Relative Strength

Why Should You Use IBD's Relative Strength Rating?

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