On Tuesday, BJ's Restaurants earned an upgrade to its Relative Strength (RS) Rating, from 63 to 71.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against 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. See if BJ's Restaurants can continue to show renewed price strength and clear that threshold.
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BJ's Restaurants broke out earlier, but is now trading approximately 4% below the prior 38.61 entry from a cup with handle. If a stock you're watching clears a buy point then falls 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new consolidation and breakout. Also keep in mind that the latest pattern is a later-stage base, and those involve more risk.
Earnings growth fell last quarter from 44% to 0%. But revenue gains moved higher, from 0% to 2%.
BJ's Restaurants holds the No. 16 rank among its peers in the Retail-Restaurants industry group. Dutch Bros, Texas Roadhouse and Cheesecake Factory are among the top 5 highly rated stocks within the group.
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