One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Domino's Pizza stock just hit that mark, with a jump from 77 to 83 Thursday.
This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks typically have an 80 or better RS Rating as they launch their biggest climbs.
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Is Domino's Pizza Stock A Buy?
Domino's Pizza stock is working on a consolidation with a 542.75 buy point. See if this restaurant stock can break out in volume at least 40% higher than normal. This is not the time to buy stocks during a market correction, but build a watchlist of possible emerging leaders once the market trend turns around.
Earnings growth increased last quarter from 0% to 9%, but revenue fell from 5% to 3%. The next quarterly results are expected on or around Apr. 28.
Domino's Pizza stock earns the No. 16 rank among its peers in the Retail-Restaurants industry group. Dutch Bros, Brinker International and Cheesecake Factory are among the top 5 highly rated stocks within the group. For more industry news, check out "Retail Industry News And Stocks To Watch."
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
