BJ's Restaurants saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an upgrade from 77 to 82.
IBD's unique rating measures price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an 80 or better RS Rating as they launch their biggest climbs.
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BJ's Restaurants broke out earlier, but has fallen back below the prior 38.87 entry from a flat base. If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new chart pattern and entry price. Also understand that the most recent pattern is a later-stage base, and such bases are more prone to failure.
Earnings grew 4% last quarter, up from 0% in the prior report. Revenue also increased, from 2% to 6%.
The company earns the No. 17 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.
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