The Relative Strength (RS) Rating for Kura Sushi USA climbed into a new percentile Wednesday, with a rise from 73 to 83.
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IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks often have an RS Rating of over 80 as they begin their biggest climbs.
Kura Sushi USA has moved 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 line.
The company showed 0% EPS growth in the latest quarterly report, while sales growth came in at 13%. The next quarterly results are expected on or around Jul. 8.
Kura Sushi USA earns the No. 25 rank among its peers in the Retail-Restaurants industry group. Brinker International, Dutch Bros and Darden Restaurants 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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