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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY

Stocks With Rising Relative Strength: BJ's Restaurants

BJ's Restaurants had its Relative Strength (RS) Rating upgraded from 61 to 72 Wednesday — a welcome improvement, but still short of the 80 or higher score you look for.

IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks compares to the rest of the market.

Decades of market research reveals that the stocks that go on to make the biggest gains typically 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.

How To Invest In Stocks In Both Bull And Bear Markets

While the stock is not near a proper buy zone right now, see if it is able to form and break out from a proper consolidation.

Earnings growth fell last quarter from 44% to 0%. But revenue moved higher, from 0% to 2%.

BJ's Restaurants holds the No. 17 rank among its peers in the Retail-Restaurants industry group. Dutch Bros, Texas Roadhouse and Cheesecake Factory 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

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