Stocks Generating Improved Relative Strength: Shake Shack

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Shake Shack ( SHAK ) saw a positive improvement to its Relative Strength ( RS ) Rating on Wednesday, rising from 64 to 73.

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

Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating north of 80 as they begin their biggest runs. See if Shake Shack can continue to show renewed price strength and clear that threshold.

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Shake Shack is trying to complete a consolidation with a 39.80 buy point . See if it can break out in volume at least 40% higher than normal.

The company reported 13% EPS growth in the latest quarterly report. Sales increased 27%.

Shake Shack holds the No. 4 rank among its peers in the Retail-Restaurants industry group. Bob Evans Farms ( BOBE ) is the No. 1-ranked stock 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: SHAK , RS ,

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