JM Smucker saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 78 to 81.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an 80 or better RS Rating as they begin their biggest price moves.
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JM Smucker stock is working on a flat base with a 145.92 entry. See if the stock can clear the breakout price in heavy trade. Food related stocks can become defensive plays during volatile market conditions.
The company reported negative growth for both sales and earnings last quarter, with next earnings report currently set for June 3.
The company earns the No. 7 rank among its peers in the Food-Packaged industry group. Pepsico and General Mills are also among the group's highest-rated stocks.
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