One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Portillo's stock just hit that mark, with a jump from 79 to 85 Wednesday.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the market's biggest winners typically have an 80 or higher RS Rating as they begin their biggest runs.
Looking For Winning Stocks? Try This Simple Routine
Is Portillo's Stock A Buy?
While the Portillo's stock is not near a proper buy point right now, see if it is able to form and break out of a proper chart pattern. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings growth moved up in the company's most recent report from -56% to 0%, but sales fell from 10% to 9%.
Portillo's stock earns the No. 23 rank among its peers in the Retail-Restaurants industry group. Texas Roadhouse and Wingstop are also among the group's highest-rated stocks. For more industry news, check out "Retail Industry News And Stocks To Watch."
