On Tuesday, BJ's Restaurants cleared a noteworthy performance benchmark, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 92, up from 89 the day before.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 at the beginning of a new climb.
BJ's Restaurants is remains in a buying range after climbing above a 41.72 entry in a cup without handle. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity..
The stock's relative strength line is in new high ground, which is a bullish indicator of market leadership.
Earnings growth increased last quarter from 4% to 69%. But revenue gains fell from 6% to 3%.
The company holds the No. 8 rank among its peers in the Retail-Restaurants industry group. Dutch Bros, Texas Roadhouse and Darden Restaurants are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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