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Bloomin' Brands Clears Technical Benchmark, Hitting 80-Plus RS Rating


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One important metric to look for in a stock is an 80 or higher Relative Strength Rating . Bloomin' Brands ( BLMN ) now clears that threshold, with a jump from 77 to 81 Thursday.

[ibd-display-video id=2385970 width=50 float=left autostart=true] This unique rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.

Decades of market research reveals that the best stocks tend to have an RS Rating of at least 80 in the early stages of their moves.

See How IBD Helps You Make More Money In Stocks

Bloomin' Brands is trying to complete a consolidation with a 22.26 buy point . See if the stock can break out in heavy trading.

The company posted negative growth for both sales and earnings last quarter.

The company holds the No. 19 rank among its peers in the Retail-Restaurants industry group. Bob Evans Farms ( BOBE ), Wingstop ( WING ) and Shake Shack ( SHAK ) are among the top 5 highly rated stocks within the group.

RELATED:

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Why Should You Use IBD's Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.



This article appears in: Investing , Stocks
Referenced Symbols: BLMN , WING , SHAK


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