Pork, beef and chicken giant Tyson Foods (TSN) is seeing accelerating growth in sales and profits. And on Friday, Tyson Foods stock’s Relative Strength Rating climbed to 72, up from 69 the prior trading session.
The 72 RS Rating means that Tyson Foods stock is outperforming 72% of all stocks. The best stocks often have an RS Rating of over 80 as they begin their largest runs. See if Tyson Foods can continue to rebound and hit that benchmark.
Among other key ratings, Tyson Foods has a strong 84 EPS Rating, of a best-possible 99. That puts it in the top 16% of all companies in terms of recent and long-term profit growth. Similarly, it holds an 84 Composite Rating.
The IBD Composite Rating helps investors easily measure the quality of a stock’s fundamental and technical metrics. The best growth stocks have a Composite Rating of 90 or better.
Finally, the Springdale, Ariz.-based company’s B Accumulation/Distribution Rating, on an A+ to E scale, shows that large institutions are buying Tyson Foods stock at a fairly strong rate.
Regarding top and bottom line numbers, the company has posted rising EPS growth in each of the last two reports. Revenue gains have also increased during the same period. Last quarter, Tyson reported a 93% leap in EPS to $2.70 on a 25% year-over-year rise in revenue to $12.5 billion.
Tyson Foods stock broke out earlier, but has fallen back below the prior 81.89 entry from a cup without handle. Also understand that the most recent pattern is a later-stage base, and although such bases can succeed, early stage based are more likely to succeed.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD’ unique Relative Strength Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock’s price action over the last 52 weeks compares to the rest of the market.
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