PriceSmart saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an upgrade from 66 to 71.
IBD's unique rating tracks price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an RS Rating of at least 80 in the early stages of their moves. See if PriceSmart can continue to rebound and clear that threshold.
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PriceSmart is building a consolidation with a 99.23 entry. See if the stock can clear the breakout price in volume at least 40% above average.
The company showed -2% earnings growth in the latest quarterly report, while sales growth came in at 8%.
PriceSmart earns the No. 2 rank among its peers in the Retail-Major Discount Chains industry group. Costco Wholesale is the top-ranked stock within the group.
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