On Wednesday, Sweetgreen stock earned an upgrade to its Relative Strength (RS) Rating, from 64 to 76.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This proprietary rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest price moves. See if Sweetgreen stock can continue to show renewed price strength and clear that threshold.
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Is Sweetgreen Stock A Buy?
While Sweetgreen stock is not near an ideal buy zone right now, see if it manages to form and break out from a proper chart pattern.
The restaurant operator showed 0% EPS growth in the latest quarterly report, while sales growth came in at 24%.
Sweetgreen stock holds the No. 25 rank among its peers in the Retail-Restaurants industry group. Arcos Dorados Holdings A and Texas Roadhouse are also among the group's highest-rated stocks.
