On Tuesday, Texas Roadhouse earned a positive adjustment to its Relative Strength (RS) Rating, from 74 to 83.
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This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against the rest of the market.
History shows that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves.
Texas Roadhouse is working on a cup without handle with a 206.04 buy point. See if it can clear the breakout price in heavy trading.
The company posted 1% earnings growth last quarter, while sales growth came in at 10%.
The company earns the No. 2 rank among its peers in the Retail-Restaurants industry group. Dutch Bros is the No. 1-ranked stock 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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