We track 23 stocks in the Agricultural Food & other Products industry (part of Fast Moving Consumer Goods), each checked every evening for a base — a stretch where the price moves sideways in a range instead of trending.
As of the latest close, 15 are still building a base; 2 broke out of a base in the last five sessions; 3 broke out earlier and are still above the breakout level; 2 broke out but fell back below the breakout level; and 1 is not in a base we recognise.
The middle stock in this industry has a relative strength reading of 60 out of 99. That reading ranks each stock's price performance over the past year against every stock we track; half of this industry's 22 ranked stocks sit above 60 and half below. 7 stocks have a reading of 70 or higher.
13 of the 22 stocks we could measure (59%) closed above their 200-day average price — the average close over the last 200 trading sessions.