On Thursday, BJ's Restaurants earned a positive adjustment to its Relative Strength (RS) Rating, from 65 to 75.
This unique rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the best-performing stocks often have an RS Rating north of 80 in the early stages of their moves. See if BJ's Restaurants can continue to rebound and hit that benchmark.
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BJ's Restaurants has moved 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 buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
EPS growth dropped in the company's latest report from 44% to 0%, but revenue rose from 0% to 2%.
BJ's Restaurants holds the No. 15 rank among its peers in the Retail-Restaurants industry group. CAVA Group, Texas Roadhouse and Cheesecake Factory are among the top 5 highly rated stocks within the group.
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