First Watch Restaurant saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 67 to 74.
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This unique rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the market's biggest winners typically have an 80 or higher RS Rating as they launch their largest runs. See if First Watch Restaurant can continue to rebound and hit that benchmark.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to form a chart pattern and break out.
Earnings growth slowed last quarter from 0% to -79%. But revenue moved higher, from 16% to 19%.
First Watch Restaurant earns the No. 12 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.
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