Wingstop saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 69 to 74.
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IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks compares to the rest of the market.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 in the early stages of their moves. See if Wingstop can continue to show renewed price strength and hit that benchmark.
Wingstop is not currently offering a proper buying opportunity. See if the stock goes on to build a sound pattern that could kick off a new climb.
Earnings growth moved up in the company's most recent report from 44% to 231%, but sales fell from 27% to 17%.
The company earns the No. 10 rank among its peers in the Retail-Restaurants industry group. Dutch Bros, Texas Roadhouse and Brinker International 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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