BJ's Restaurants had its Relative Strength (RS) Rating upgraded from 77 to 81 Monday.
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
Decades of market research reveals that the best-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves.
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BJ's Restaurants is trying to complete a cup with handle with a 38.02 entry. See if the stock can clear the breakout price in volume at least 40% above average.
Earnings growth dropped last quarter from 386% to 113%. But revenue moved higher, from -6% to -1%.
BJ's Restaurants holds the No. 9 rank among its peers in the Retail-Restaurants industry group. CAVA Group, Chipotle Mexican Grill and Texas Roadhouse are among the top 5 highly rated stocks within the group.
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