Middleby Cooks Up RS Rating Jump To 82

The Relative Strength (RS) Rating for Middleby (MIDD) climbed into a new percentile Wednesday, with an increase from 79 to 82.


When you’re researching the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price performance over the trailing 52 weeks stacks up against all the other stocks in our database.

Decades of market research shows that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.

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Middleby is now considered extended and out of buy range after clearing a 149.49 buy point in a second-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 moving average.

Although Middleby’s earnings and sales growth came in at -19% and -7%, respectively, in the latest report, that marked two straight quarters of acceleration for earnings and two for revenue.

The company earns the No. 4 rank among its peers in the Household-Appliances/Hardware industry group. Mohawk Group Holding (MWK) and iRobot (IRBT) are also among the group’s highest-rated stocks.


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