On Monday, Kura Sushi USA hit an important technical milestone, with its Relative Strength (RS) Rating entering into the 80-plus percentile with an improvement to 81, up from 76 the day before.
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IBD's unique RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
History reveals that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
Kura Sushi USA has risen more than 5% past a 52.97 entry in a third-stage double bottom, meaning it's now out of a proper buy zone. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Kura Sushi USA posted 0% earnings growth last quarter, while sales growth came in at 13%.
Kura Sushi USA holds the No. 28 rank among its peers in the Retail-Restaurants industry group. Dutch Bros, Brinker International and Texas Roadhouse 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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