On Monday, Kura Sushi USA earned an upgrade to its Relative Strength (RS) Rating, from 62 to 78.
IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks compares to the rest of the market.
History shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves. See if Kura Sushi USA can continue to show renewed price strength and hit that benchmark.
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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 line.
Earnings growth increased last quarter from -94% to -64%, but the top line fell from 28% to 20%. The company is expected to report its latest earnings and sales numbers on or around Jan. 7.
The company earns the No. 21 rank among its peers in the Retail-Restaurants industry group. Dutch Bros, CAVA Group and Super Hi Intl Hldg ADR are among the top 5 highly rated stocks within the group.
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