Wingstop stock saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 88 to 91.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD's unique RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an 80 or higher RS Rating as they begin their largest price moves.
See How IBD Helps You Make More Money In Stocks
Is Wingstop Stock A Buy?
Wingstop stock dipped below its 200-day moving average last Friday and trying to rally back above that line. While it's not currently an ideal time to buy the chicken wings restaurant stock, see if the stock goes on to establish and enter a buying range in heavy trade.
The chicken wing restaurant chain saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -23% to 18%. Revenue rose from 8% to 13%.
Wingstop stock earns the No. 14 rank among its peers in the Retail-Restaurants industry group. Dave & Buster's Entertainment, Chipotle Mexican Grill and BBQ Holdings Inc are among the top 5 highly rated stocks within the group. For industry news, check out "Retail Industry News And Stocks To Watch."
