On Monday, BJ's Restaurants got an upgrade to its Relative Strength (RS) Rating, from 69 to 76.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary rating 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.
Over 100 years of market history shows that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if BJ's Restaurants can continue to rebound and hit that benchmark.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock goes on to form a base and break out.
Earnings growth increased last quarter from 4% to 69%. But revenue gains fell from 6% to 3%. The company is expected to report its latest results on or around Jul. 31.
BJ's Restaurants holds the No. 13 rank among its peers in the Retail-Restaurants industry group. Shake Shack Cl A, Brinker International and Dutch Bros 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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