Dave & Buster's Entertainment stock had its Relative Strength (RS) Rating upgraded from 69 to 87 Tuesday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
Decades of market research reveals that the market's biggest winners typically have an 80 or higher RS Rating as they launch their biggest climbs.
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Is Dave & Buster's Entertainment Stock A Buy?
Dave & Buster's Entertainment stock recently retook its 200-day moving average, but it's not currently near a potential buy zone. See if the stock goes on to build a chart pattern that could kick off a new climb. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings growth increased in the restaurant company's most recent report from 0% to 238%, but sales fell from 194% to 70%.
Dave & Buster's Entertainment stock earns the No. 2 rank among its peers in the Retail-Restaurants industry group. Chipotle Mexican Grill and Kura Sushi USA are also among the group's highest-rated stocks. For more industry news, check out "Retail Industry News And Stocks To Watch."
