BJ's Restaurants had its Relative Strength (RS) Rating upgraded from 66 to 77 Thursday — a welcome improvement, but still shy of the 80 or better score you look for.
This exclusive rating from Investor's Business Daily measures price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an 80 or higher RS Rating in the early stages of their moves. See if BJ's Restaurants can continue to show renewed price strength and hit that benchmark.
How To Invest In Stocks In Both Bull And Bear Markets
BJ's Restaurants is now considered extended and out of buy range after clearing a 34.91 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings-per-share growth decreased in the company's most recent report from 44% to 0%, but the top line rose from 0% to 2%.
BJ's Restaurants earns the No. 14 rank among its peers in the Retail-Restaurants industry group. CAVA Group, Dutch Bros and Texas Roadhouse are among the top 5 highly rated stocks within the group.
RELATED:
Retail Industry News And Stocks To Watch
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
