One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Cracker Barrel now clears that threshold, with a jump from 80 to 85 Wednesday.
Looking For The Best Stocks To Buy And Watch? Start Here
This exclusive rating from Investor's Business Daily identifies share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an RS Rating of over 80 as they begin their biggest climbs.
Cracker Barrel is working on a cup without handle with a 65.43 buy point. See if it can clear the breakout price in volume at least 40% above average.
Cracker Barrel showed 10% earnings growth in its most recent report. Revenue gains came in at 2%. The company is expected to report its latest performance numbers on or around Jun. 10.
Cracker Barrel holds the No. 15 rank among its peers in the Retail-Restaurants industry group. Dutch Bros, Texas Roadhouse and Brinker International 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.
RELATED:
Retail Industry News And Stocks To Watch
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
