Pilgrim's Pride saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 80 to 85.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History shows that the market's biggest winners typically have an RS Rating of above 80 in the early stages of their moves.
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Is Pilgrim's Pride Stock A Buy?
Pilgrim's Pride stock is extended and not near an ideal buying range right now, see if it goes on to form and break out from a proper chart pattern. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Although earnings and sales growth came in at -47% and -2%, respectively, in the latest report, that means earnings have improved for the last two quarters and sales have increased for one.
Pilgrim's Pride stock holds the No. 3 rank among its peers in the Food-Meat Products industry group. Pilgrim's Pride and Cal-Maine Foods are also among the group's highest-rated stocks.
