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Stocks With Rising Relative Price Strength: Shake Shack


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Shake Shack ( SHAK ) had its Relative Strength ( RS ) Rating upgraded from 88 to 92 Friday.

[ibd-display-video id=2102289 width=50 float=left autostart=true] IBD's proprietary rating identifies price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.

Decades of market research shows that the market's biggest winners often have an RS Rating of at least 80 in the early stages of their moves.

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

Shake Shack has climbed more than 5% past a 39.80 entry in a first-stage consolidation , meaning it's now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.

Shake Shack posted 13% earnings growth in its most recent report, while sales growth came in at 27%.

The company holds the No. 1 rank among its peers in the Retail-Restaurants industry group. Bob Evans Farms ( BOBE ) and Texas Roadhouse ( TXRH ) are also among the group's highest-rated stocks.

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: SHAK , RS , TXRH



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