On Thursday, J&J Snack Foods received an upgrade to its Relative Strength (RS) Rating, from 68 to 71.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating identifies share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the top-performing stocks often have an RS Rating of above 80 as they begin their largest climbs. See if J&J Snack Foods can continue to rebound and hit that benchmark.
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Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to establish and enter a buy zone in heavy trade.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -47% to -39%. Revenue rose from 10% to 17%.
J&J Snack Foods holds the No. 22 rank among its peers in the Food-Packaged industry group. Hostess Brands and Post are also among the group's highest-rated stocks.
