One important metric to look for in a stock is an 80 or higher Relative Strength Rating. WK Kellogg now clears that threshold, with a jump from 80 to 83 Monday.
This unique rating tracks 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 that of all other stocks.
History reveals that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
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WK Kellogg is trying to complete a double bottom with a 21.66 buy point. See if the stock can clear the breakout price in heavy trade.
While the company's top line growth fell last quarter from 0% to -2%, earnings-per-share grew 45%, up from -6% in the prior report.
The company holds the No. 9 rank among its peers in the Food-Packaged industry group. Kellanova, Lancaster Colony and Seneca Foods Cl A are among the top 5 highly rated stocks within the group.
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