On Tuesday, Darden Restaurants got an upgrade to its Relative Strength (RS) Rating, from 70 to 74.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement 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 tend to have an RS Rating of at least 80 in the early stages of their moves. See if Darden Restaurants can continue to show renewed price strength and hit that benchmark.
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Darden Restaurants stock is building a cup with handle with a 158.70 entry on a daily MarketSmith chart. The weekly chart shows a different entry point and longer cup pattern. On the daily chart, it is currently inside the buy zone.
DRI Earnings
EPS growth fell in the company's latest report from 15% to 14%, but sales rose from 6% to 12%. Keep an eye out for the company's next round of numbers on or around Dec. 15.
The company earns the No. 5 rank among its peers in the Retail-Restaurants industry group. Arcos Dorados Holdings A and Wingstop are also among the group's highest-rated stocks.
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