Quantcast

Bloomin' Brands Getting Closer To Key Technical Measure


Shutterstock photo

On Wednesday, Bloomin' Brands ( BLMN ) earned an upgrade to its Relative Strength ( RS ) Rating , from 67 to 77.

[ibd-display-video id=2385970 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.

History shows that the market's biggest winners typically have an RS Rating north of 80 as they begin their largest price moves. See if Bloomin' Brands can continue to show renewed price strength and clear that threshold.

Looking For The Best Stocks To Buy And Watch? Start Here

Bloomin' Brands is trying to complete a consolidation with a 22.26 entry . See if it can break out in heavy trading.

Bloomin' Brands reported negative growth for both the top and bottom lines last quarter.

Bloomin' Brands earns the No. 20 rank among its peers in the Retail-Restaurants industry group. Bob Evans Farms ( BOBE ), Wingstop ( WING ) and Restaurant Brands International ( QSR ) 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



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 , RS , WING , QSR



More from Investor's Business Daily

Subscribe






Investor's Business Daily
Contributor:

Investor's Business Daily

Investing










Research Brokers before you trade

Want to trade FX?