In a welcome move, Symbotic saw its Relative Strength Rating improve from 70 to 79 on Wednesday.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they begin their largest price moves. See if Symbotic can continue to rebound and clear that threshold.
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Symbotic is not currently near a potential buying area. See if the stock goes on to form a sound pattern that could ignite a new run.
The company showed 0% EPS growth in the latest quarterly report, while sales growth came in at 47%.
The company holds the No. 25 rank among its peers in the Machinery-General Industrial industry group. SPX Technologies, Badger Meter and DXP Enterprises are among the top 5 highly rated stocks within the group.
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