The Relative Strength (RS) Rating for Sweetgreen stock entered a new percentile Thursday, with a rise from 75 to 81.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique rating measures price movement with a 1 (worst) to 99 (best) score. The rating 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 best-performing stocks often have an 80 or better RS Rating in the early stages of their moves.
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Is Sweetgreen Stock A Buy?
Sweetgreen stock has been rallying in recent months, but still trading below its 200-day moving average. While restaurant stock is not near a proper buy point right now, see if it manages to form and break out of a proper base.
The restaurant operator serving healthy food showed 0% earnings growth in its most recent report. Revenue increased 22%.
Sweetgreen stock holds the No. 34 rank among its peers in the Retail-Restaurants industry group. Chuy's Holdings and Dave & Buster's are also among the group's highest-rated stocks. For more industry news, check out "Retail Industry News And Stocks To Watch."
