The Relative Strength (RS) Rating for Cracker Barrel entered a new percentile Tuesday, with an increase from 71 to 81.
IBD's proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
History shows that the market's biggest winners often have an RS Rating of over 80 in the early stages of their moves.
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While now is not an ideal time to invest, see if the stock goes on to offer and clear an appropriate buy point.
Earnings growth rose in the company's most recent report from -42% to 13%, but sales fell from 7% to 3%.
The company holds the No. 21 rank among its peers in the Retail-Restaurants industry group. Dutch Bros, CAVA Group and Super Hi Intl Hldg ADR are among the top 5 highly rated stocks within the group.
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