On Thursday, Kura Sushi USA earned a positive adjustment to its Relative Strength (RS) Rating, from 77 to 81.
This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest price moves.
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Kura Sushi USA is now considered extended and out of buy range after clearing a 52.97 buy point in a third-stage double bottom. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth rose in the company's most recent report from -94% to -64%, but revenue fell from 28% to 20%.
Kura Sushi USA holds the No. 23 rank among its peers in the Retail-Restaurants industry group. Dutch Bros, CAVA Group and Texas Roadhouse are among the top 5 highly rated stocks within the group.
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