The Relative Strength (RS) Rating for Wendy's moved into a higher percentile Wednesday, as it got a lift from 67 to 71.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
Decades of market research reveals that the market's biggest winners typically have an 80 or higher RS Rating as they launch their biggest runs. See if Wendy's can continue to rebound and clear that threshold.
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Wendy's is building a cup without handle with a 24.58 buy point. See if it can clear the breakout price in volume at least 40% above average.
While earnings-per-share growth declined in the prior quarter from -6% to -15%, the top line grew 6%, up from 0% in the prior report. The next quarterly numbers are expected on or around Aug. 11.
The company holds the No. 6 rank among its peers in the Retail-Restaurants industry group. Ark Restaurants and Texas Roadhouse are also among the group's highest-rated stocks.
