Dutch Bros had its Relative Strength (RS) Rating upgraded from 77 to 82 Thursday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
Decades of market research shows that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
Looking For Winning Stocks? Try This Simple Routine
While Dutch Bros is not near a proper entry right now, see if it goes on to form and break out of a proper chart pattern.
The company showed 56% earnings growth in its most recent report. Sales increased 33%.
The company holds the No. 2 rank among its peers in the Retail-Restaurants industry group. Dutch Bros and Arcos Dorados Holdings A are also among the group's highest-rated stocks.
