Stocks To Watch: Sprouts Farmers Market Sees Relative Strength Rating Rise To 83

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On Tuesday, Sprouts Farmers Market ( SFM ) hit a noteworthy technical benchmark, with its Relative Strength ( RS ) Rating jumping into the 80-plus percentile with an improvement to 83, a rise from 78 the day before.

[ibd-display-video id=2102289 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.

Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their biggest runs.

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Sprouts Farmers Market is trying to complete a consolidation with a 26.08 buy point . See if it can clear the breakout price in volume at least 40% above average.

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

The company holds the No. 1 rank among its peers in the Retail-Super/Mini Markets industry group. Murphy USA ( MUSA ) and Ingles Markets ( IMKTA ) are also among the group's highest-rated stocks.


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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks
Referenced Symbols: SFM , RS , MUSA , IMKTA

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