The Relative Strength (RS) Rating for First Watch Restaurant entered a new percentile Wednesday, with an increase from 74 to 81.
Risk Management In The Stock Market: How Much Money To Invest Now
IBD's proprietary RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their biggest climbs.
First Watch Restaurant is trying to complete a consolidation with a 22.71 buy point. See if the stock can clear the breakout price in volume at least 40% higher than normal.
First Watch Restaurant posted -75% EPS growth in its most recent report, while sales growth came in at 8%. The company is expected to report its latest results on or around May 13.
First Watch Restaurant earns the No. 15 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.
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.
RELATED:
Retail Industry News And Stocks To Watch
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
