On Wednesday, Papa John's International received an upgrade to its Relative Strength (RS) Rating, from 74 to 83.
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This proprietary rating tracks market leadership 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 the rest of the market.
History reveals that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating in the early stages of their moves.
While Papa John's International is not near an ideal entry right now, see if it manages to form and break out from a proper consolidation.
Earnings growth fell in the company's most recent report from -31% to -46%, but sales rose from -7% to 1%. Keep an eye out for the company's next round of numbers on or around Aug. 7.
The company holds the No. 27 rank among its peers in the Retail-Restaurants industry group. Dutch Bros, Brinker International and Darden Restaurants 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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