In a welcome move, Darden Restaurants saw its Relative Strength Rating improve from 70 to 74 on Wednesday.
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 score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating of above 80 in the early stages of their moves. See if Darden Restaurants can continue to rebound and clear that threshold.
Darden Restaurants is building a flat base with a 228.27 buy point. See if it can clear the breakout price in heavy trade.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 7% to 12%. Revenue rose from 6% to 11%. The next quarterly numbers are expected on or around Sep. 18.
Darden Restaurants earns the No. 5 rank among its peers in the Retail-Restaurants industry group. Brinker International is the top-ranked stock 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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