BJ's Restaurants saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 63 to 75.
This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the top-performing stocks typically have an RS Rating north of 80 as they begin their largest climbs. See if BJ's Restaurants can continue to show renewed price strength and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
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 growth declined in the company's most recent report from 113% to 44%, but the top line rose from -1% to 0%. The company is expected to report its latest earnings and sales numbers on or around Oct. 31.
The company 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.
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!
