On Thursday, WingStop received an upgrade to its Relative Strength (RS) Rating, from 69 to 87.
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 identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves.
See How IBD Helps You Make More Money In Stocks
Is WingStop Stock A Buy?
WingStop recently dipped below its 200-day moving average and is not currently near a potential buying area. See if the stock goes on to build a promising consolidation that could launch a new move.
The wings restaurants saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -23% to 18%. Revenue rose from 8% to 13%.
WingStop stock holds the No. 13 rank among its peers in the Retail-Restaurants industry group. Chipotle Mexican Grill and BBQ Holdings Inc are also among the group's highest-rated stocks. For more industry news, check out "Retail Industry News And Stocks To Watch."
