JM Smucker stock had its Relative Strength (RS) Rating upgraded from 88 to 92 Tuesday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD's proprietary RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an 80 or higher RS Rating at the beginning of a new run.
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Is JM Smucker Stock A Buy?
On Tuesday, JM Smucker stock pulled back slightly after clearing a 145.36 buy point from a cup-with-handle pattern. It's not currently near a potential buying area. See if the stock goes on to form a chart pattern that could ignite a new run. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The food maker reported negative growth for both sales and earnings last quarter. JM Smucker is expected to report its next quarterly numbers on or around Jun. 3.
JM Smucker stock holds the No. 7 rank among its peers in the Food-Packaged industry group. Hostess Brands, Pepsico and Kellogg are among the top 5 highly rated stocks within the group.
