The Relative Strength (RS) Rating for Kroger Co entered a new percentile Wednesday, with an increase from 78 to 82.
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 other publicly traded companies.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they launch their biggest runs.
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Kroger Co is working on a long consolidation with a 62.88 buy point. Now that the stock seems to have cleared key moving averages, see if it can clear the breakout price in volume at least 40% above average.
Kroger Co showed 9% EPS growth in the latest quarterly report, while sales growth came in at 5%.
The company holds the No. 4 rank among its peers in the Retail-Super/Mini Markets industry group. Sprouts Farmers Market and Murphy USA are also among the group's highest-rated stocks.
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