The Relative Strength (RS) Rating for BJ's Restaurants headed into a new percentile Monday, as it got a lift from 65 to 79.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an RS Rating of at least 80 in the early stages of their moves. See if BJ's Restaurants can continue to show renewed price strength and hit that benchmark.
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BJ's Restaurants broke out earlier, but has fallen back below the prior 38.87 entry from a flat base. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to form. Also understand that the latest pattern is a later-stage base, and those involve more risk.
Earnings grew 4% last quarter, up from 0% in the prior report. Revenue also increased, from 2% to 6%.
The company earns the No. 18 rank among its peers in the Retail-Restaurants industry group. Dutch Bros, Cheesecake Factory and CAVA Group are among the top 5 highly rated stocks within the group.
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