On Thursday, Kura Sushi USA got a positive adjustment to its Relative Strength (RS) Rating, from 88 to 91.
How To Use Stock Charts To Stay Profitable And Protected
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the best stocks often have an RS Rating of above 80 at the beginning of a new climb.
Kura Sushi USA has climbed more than 5% past a 52.97 entry in a third-stage double bottom, meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company showed 0% EPS growth in its most recent report. Revenue increased 17%.
Kura Sushi USA earns the No. 16 rank among its peers in the Retail-Restaurants industry group. Brinker International, Shake Shack Cl A and Dutch Bros 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.
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