Credit: Shutterstock photoThe Relative Strength ( RS ) Rating for US Foods ( USFD ) headed into a new percentile Tuesday, as it got a lift from 69 to 72.
[ibd-display-video id=2881825 width=50 float=left autostart=true] IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks typically have an RS Rating of at least 80 as they begin their biggest climbs. See if US Foods can continue to rebound and clear that threshold.
Looking For The Best Stocks To Buy And Watch? Start Here
US Foods is in a buy zone after moving past a 30.83 entry in a consolidation . Once a stock moves 5% or higher beyond the original entry, it's considered extended and out of buy range.
The company posted 0% earnings growth in its most recent report. Revenue increased 6%.
US Foods holds the No. 5 rank among its peers in the Wholesale-Food industry group. Performance Food ( PFGC ) is the No. 1-ranked stock within the group.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
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.
