Andersons Stock Showing Market Leadership; Earns 95 RS Rating

On Thursday, Andersons (ANDE) stock hit an important technical benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 95, up from 67 the day before.




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As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength. IBD’s proprietary rating measures price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price performance over the last 52 weeks stacks up against all the other stocks in our database.

Decades of market research shows that the best-performing stocks often have an 80 or better RS Rating at the beginning of a new price run.


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Is Anderson Stock A Buy?

Anderson stock has been rallying the last few weeks to trade around its 200-day moving average. While the stock is not near a proper buying range right now, see if it is able to form and break out of a proper consolidation. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 

Earnings growth increased last quarter from -50% to 193%. But sales fell from 53% to 38%.

Andersons stock holds the No. 3 rank among its peers in the Food-Grain & Related industry group. Archer Daniels Midland (ADM) and Ingredion (INGR) are among the top 5 highly rated stocks within the group.

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