When looking for the best stocks to buy and watch, focus on those with rising relative price strength.
One stock that fits that bill is Sysco, which saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an increase from 85 to 91 before today's open.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against the rest of the market.
Over 100 years of market history reveals that the market's biggest winners typically have an 80 or higher RS Rating as they launch their biggest climbs.
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Sysco is working on a consolidation with a 91.63 buy point. See if the stock can break out in heavy trade. On a MarketSmith daily chart it is showing the Blue Dot indicator, meaning the RS Line is at a new high.
Earnings Report
While EPS growth declined in the company's most recent performance report from 235% to 223%, the top line grew 43%, up from 41% in the previous report.
The company holds the No. 1 rank among its peers in the Wholesale-Food industry group. Amcon Distributing and Performance Food are also among the group's highest-rated stocks.
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