Chefs' Warehouse had its Relative Strength (RS) Rating upgraded from 88 to 91 Thursday.
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This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks often have an 80 or higher RS Rating in the early stages of their moves.
Chefs' Warehouse broke out earlier, but has fallen back below the prior 66.26 entry from a flat base. If a stock you're tracking clears a buy point then falls 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and buy point. Also understand that the most recent pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
Chefs' Warehouse posted 30% EPS growth in the latest quarterly report, while sales growth came in at 8%.
Chefs' Warehouse holds the No. 1 rank among its peers in the Food-Miscellaneous Preparation industry group. Fresh Del Monte Produce and Sensient Technologies are also among the group's highest-rated stocks.
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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