BJ's Restaurants stock saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 67 to 78.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating identifies price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating of at least 80 as they begin their biggest runs. See if BJ's Restaurants stock can continue to show renewed price strength and clear that threshold.
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Is BJ's Restaurants Stock A Buy?
BJ's Restaurants stock is currently trading in a cup-with-handle pattern with a 36.96 entry point. See if the restaurant stock breaks out of that pattern in above average volume.
While sales growth fell last quarter from 2% to -6%, EPS grew 386%, up from 0% in the prior report.
BJ's Restaurants stock holds the No. 11 rank among its peers in the Retail-Restaurants industry group. Arcos Dorados Holdings A and First Watch Restaurant are also among the group's highest-rated stocks. For more industry news, check out "Retail Industry News And Stocks To Watch."
