Texas Roadhouse saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an increase from 80 to 83.
Hone Your Stock-Picking Skills By Focusing On These Factors
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their biggest price moves.
Texas Roadhouse is trying to complete a cup without handle with a 206.04 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Texas Roadhouse reported 1% earnings growth last quarter, while sales growth came in at 10%.
Texas Roadhouse holds the No. 2 rank among its peers in the Retail-Restaurants industry group. Dutch Bros is the No. 1-ranked stock 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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