IBD Rating Upgrades: Wendy's Flashes Improved Technical Strength

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The Relative Strength ( RS ) Rating for Wendy's ( WEN ) climbed into a new percentile Friday, as it got a lift from 70 to 73.

[ibd-display-video id=2102289 width=50 float=left autostart=true] This unique rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.

Decades of market research shows that the best stocks typically have an RS Rating of at least 80 as they launch their largest runs. See if Wendy's can continue to show renewed price strength and clear that threshold.

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The stock is trying to complete a flat base with a 16.76 buy point . See if the stock can break out in heavy volume.

Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 50%, compared to -18% in the prior report. Revenue increased from -25% to -16%. The next quarterly results are expected on or around Nov. 9.

The company holds the No. 9 rank among its peers in the Retail-Restaurants industry group. Restaurant Brands International ( QSR ), Bob Evans Farms ( BOBE ) and Texas Roadhouse ( TXRH ) are among the top 5 highly rated stocks within the group.


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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: RS , WEN , QSR , TXRH

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