Credit: Shutterstock photoOn Friday, Sprouts Farmers Market ( SFM ) hit a key performance benchmark, seeing its Relative Strength ( RS ) Rating jump into the 80-plus percentile with an improvement to 81, up from 77 the day before.
[ibd-display-video id=2368044 width=50 float=left autostart=true] IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an RS Rating north of 80 as they launch their biggest climbs.
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Sprouts Farmers Market is working on a consolidation with a 26.08 buy point . See if it can break out in volume at least 40% higher than normal.
In terms of fundamentals, Sprouts Farmers Market has posted rising EPS growth over the last three quarters. Sales growth has also risen over the same time frame.
Sprouts Farmers Market earns the No. 1 rank among its peers in the Retail-Super/Mini Markets industry group. Murphy USA ( MUSA ) and Companhia Brasileira ( CBD ) 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.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
