Hormel Foods Stock Getting Closer To Key Technical Measure – Investor's Business Daily

This post was originally published on this site

The Relative Strength (RS) Rating for Hormel Foods (HRL) moved up into a higher percentile Tuesday, as it got a lift from 70 to 74.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor’s Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price behavior over the last 52 weeks stacks up against all the other stocks in our database.

Decades of market research reveals that the best stocks typically have an RS Rating of above 80 as they begin their biggest climbs. See if Hormel Foods can continue to show renewed price strength and clear that threshold.

See How IBD Helps You Make More Money In Stocks

While now is not an ideal time to invest, see if the stock is able to form a consolidation or other pattern after its big move up following the most recent earnings release.

Earnings Update For Hormel Foods Stock:

Taking a look at revenue and profit performance, Hormel Foods stock has posted rising EPS growth in each of the last three reports. Revenue gains have also moved higher during the same period.

Hormel Foods stock earns the No. 3 rank among its peers in the Food-Meat Products industry group. Tyson Foods (TSN)  is also among the group’s highest-rated stocks.

Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks


Join IBD Live And Learn Top Chart-Reading And Trading Techniques From The Pros
MarketSmith’s Tools Can Help The Individual Investor
Profit From Short-Term Trends With SwingTrader
Get Timely Buy & Sell Alerts With IBD Leaderboard
Find The Best Long-Term Investments With IBD Long-Term Leaders

IBD Digital: Get access to subscriber-only stock lists and market analysis. Plus, add the weekly print edition for your weekend prep.

This post was originally published on *this site*