On Tuesday, Cracker Barrel earned a positive adjustment to its Relative Strength (RS) Rating, from 90 to 93.
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This exclusive rating from Investor's Business Daily measures price performance 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.
Over 100 years of market history reveals that the top-performing stocks often have an RS Rating of at least 80 at the beginning of a new run.
Cracker Barrel broke out earlier, but has fallen back below the prior 57.44 entry from a cup with handle. If a stock you're tracking climbs above a buy point then retreats 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new pattern and breakout. Also keep in mind that the latest pattern is a later-stage base, and such bases are more prone to failure.
Cracker Barrel showed -34% EPS growth in the latest quarterly report, while sales growth came in at 0%.
The company earns the No. 19 rank among its peers in the Retail-Restaurants industry group. Dutch Bros, Brinker International and Texas Roadhouse 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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