Relative power (RS) rating for flower foods (FLO) stock entered a new high on Wednesday, up 77 to 86 percent.
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When looking for the best stocks to buy and watch, one factor to look closely is relative price power.
This unique rating measures technical performance using a score of 1 (worst) to 99 (best) that identifies how a stock’s price action has matched up against all other stocks over 52 weeks.
The market’s more than 100-year history shows that the stocks that make the biggest gains typically have an RS rating of over 80 as they launch their biggest price moves.
Looking for winning stocks? Try This Simple Routine
Is Flower Foods Stock a Buy?
Flowers Foods stock is trading strongly above its 50-day and 200-day moving averages, which is a good sign. The bakery product provider is working on consolidation with 29.83 purchase point. See if it can break into a heavy trade.
The food company posted 7% EPS growth in the previous quarter. Sales grew 0%.
Flower Foods stock ranks No. 3 among its peers in the food-packaged industry group. PepsiCo (PEP) and flower foods (FLO) are also among the highest rated stocks of the group.
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