One important metric to look for in a stock is an 80 or higher Relative Strength Rating. BJ's Restaurants just hit that mark, with a jump from 79 to 82 Wednesday.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 as they begin their biggest price moves.
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BJ's Restaurants has climbed more than 5% past a 34.91 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth fell in the most recent report from 113% to 44%. But sales moved higher, from -1% to 0%. Look for the next report on or around Oct. 31.
BJ's Restaurants earns the No. 8 rank among its peers in the Retail-Restaurants industry group. CAVA Group, Texas Roadhouse and Chipotle Mexican Grill are among the top 5 highly rated stocks within the group.
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