In a welcome move, Darden Restaurants saw its Relative Strength Rating improve from 66 to 72 on Wednesday.
How To Invest In Stocks In Both Bull And Bear Markets
This proprietary rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating as they begin their largest runs. See if Darden Restaurants can continue to show renewed price strength and hit that benchmark.
Darden Restaurants is working on a flat base with a 228.27 entry. See if the stock can break out in heavy volume.
Earnings grew 12% last quarter, up from 7% in the prior report. Revenue also increased, from 6% to 11%. Keep an eye out for the company's next round of numbers on or around Sep. 18.
The company holds the No. 5 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.
RELATED:
Retail Industry News And Stocks To Watch
Stocks With Rising Relative Strength Ratings
