On Friday, Dutch Bros hit an important technical milestone, with its Relative Strength (RS) Rating climbing into the 90-plus percentile with an upgrade to 93, up from 83 the day before.
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This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an RS Rating north of 80 at the beginning of a new climb.
The stock, which is on both the IBD 50 and IBD 50 screens, is building a cup without handle with a 77.88 buy point. See if it can clear the breakout price in volume at least 40% higher than normal. It's a later-stage pattern, and investors should be aware that those involve more risk.
The company posted 37% earnings growth in its most recent report. Revenue gains came in at 28%.
Dutch Bros holds the No. 1 rank among its peers in the Retail-Restaurants industry group. Brinker International and Cheesecake Factory are also among the group's highest-rated stocks.
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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