The Relative Strength (RS) Rating for Texas Roadhouse headed into a higher percentile Tuesday, as it got a lift from 70 to 73.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an RS Rating of above 80 in the early stages of their moves. See if Texas Roadhouse can continue to rebound and hit that benchmark.
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Texas Roadhouse is building a consolidation with a 206.04 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 60%, compared to 33% in the prior report. Revenue increased from 13% to 23%.
The company holds the No. 2 rank among its peers in the Retail-Restaurants industry group. Dutch Bros is the top-ranked stock 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.
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