Sprouts Farmers Market stock saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 87 to 91.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This proprietary rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
See How IBD Helps You Make More Money In Stocks
Is Sprouts Farmers Market Stock A Buy?
Sprouts Farmers Market stock has a failed breakout from a cup-with-handle base pattern in August. It's since pulled back and is not currently showing a potential entry point. See if the stock goes on to build a base that could ignite a new run.
Earnings growth declined in the most recent report from 13% to 10%. But revenue moved higher, from 4% to 5%.
Sprouts Farmers Market earns the No. 8 rank among its peers in the Retail-Super/Mini Markets industry group. Murphy USA, TravelCenters of America and Caseys General Stores are among the top 5 highly rated stocks within the group.
