The Relative Strength (RS) Rating for Cracker Barrel entered a new percentile Thursday, with an increase from 78 to 85.
Looking For The Best Stocks To Buy And Watch? Start Here
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
Decades of market research shows that the best stocks typically have an RS Rating of at least 80 as they launch their biggest climbs.
Cracker Barrel is not currently offering a proper buying opportunity. See if the stock goes on to form a sound pattern that could kick off a new price move.
Cracker Barrel reported -34% EPS growth in the latest quarterly report. Revenue increased 0%. The company is expected to report its latest performance numbers on or around Sep. 23.
The company earns the No. 15 rank among its peers in the Retail-Restaurants industry group. Dutch Bros, Brinker International and Cheesecake Factory 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.
RELATED:
Retail Industry News And Stocks To Watch
Stocks With Rising Relative Strength Ratings
