On Tuesday, Portillo's earned a positive adjustment to its Relative Strength (RS) Rating, from 88 to 93.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners typically have an RS Rating of at least 80 as they begin their biggest price moves.
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While Portillo's is not near a proper buy point right now, see if it is able to form and break out from a proper base.
Portillo's reported 31% earnings growth last quarter. Revenue gains came in at -2%.
The company holds the No. 10 rank among its peers in the Retail-Restaurants industry group. Super Hi Intl Hldg ADR, Dutch Bros and Brinker International are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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