The Relative Strength (RS) Rating for Shake Shack stock climbed into a higher percentile Friday, as it got a lift from 70 to 73.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
This proprietary rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves. See if Shake Shack stock can continue to show renewed price strength and hit that benchmark.
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Is Shake Shack Stock A Buy?
While Shake Shack stock is not near a proper entry right now, see the burger restaurant stock t is able to form and break out from a proper consolidation. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
While revenue growth fell last quarter from 25% to 18%, earnings-per-share grew 1,700%, up from 0% in the prior report.
Shake Shack stock holds the No. 13 rank among its peers in the Retail-Restaurants industry group. Chipotle Mexican Grill and First Watch Restaurant are also among the group's highest-rated stocks. For more industry news, check out "Retail Industry News And Stocks To Watch."
