IBD Rating Upgrades: Albertsons Companies Flashes Improved Technical Strength

In a welcome move, Albertsons Companies (ACI) saw its Relative Strength Rating rise from 66 to 77 on Friday.


When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock’s price action over the last 52 weeks compares to other publicly traded companies.

Over 100 years of market history reveals that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves. See if Albertsons Companies can continue to rebound and hit that benchmark.

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Albertsons Companies is still inside a buy zone after clearing a 21.39 entry in a cup without handle. Once a stock moves 5% or higher beyond the original entry, it’s considered extended and out of buy range.

The company reported negative growth for both the top and bottom lines last quarter.

Albertsons Companies holds the No. 1 rank among its peers in the Retail-Super/Mini Markets industry group.


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