Snyders-Lance ( LNCE ) had its Relative Strength ( RS ) Rating upgraded from 88 to 91 Tuesday.
[ibd-display-video id=2385970 width=50 float=left autostart=true] This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against all other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 in the early stages of their moves.
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Snyders-Lance is now considered extended and out of buy range after clearing a 40.95 buy point in a first-stage consolidation . See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Snyders-Lance saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -4% to 10%. Revenue rose from 3% to 4%.
Snyders-Lance earns the No. 4 rank among its peers in the Food-Packaged industry group. Blue Buffalo Pet Products ( BUFF ) is the No. 1-ranked stock within the group.
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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.
