In a welcome move, Wingstop saw its Relative Strength Rating rise from 63 to 71 on Wednesday.
Can You Really Time The Stock Market?
IBD's unique RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the market's biggest winners tend to have an RS Rating of over 80 in the early stages of their moves. See if Wingstop can continue to show renewed price strength 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 goes on to offer and clear a proper buy point.
The company showed 1% earnings growth last quarter, while sales growth came in at 17%. The next quarterly numbers are expected on or around Jul. 30.
The company earns the No. 16 rank among its peers in the Retail-Restaurants industry group. Brinker International, Shake Shack Cl A and Dutch Bros 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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