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Wingstop Scores Relative Strength Rating Upgrade; Hits Key Benchmark


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One important metric to look for in a stock is an 80 or higher Relative Strength Rating . Wingstop ( WING ) just hit that mark, with a jump from 66 to 81 Monday.

[ibd-display-video id=2102289 width=50 float=left autostart=true] This proprietary rating measures technical performance 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 north of 80 in the early stages of their moves.

See How IBD Helps You Make More Money In Stocks

Wingstop is still within a buy zone after breaking past a 36.01 buy point in a flat base . The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it's best to wait for it to set up another buying opportunity.

Wingstop saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 20% to 31%. Revenue rose from 9% to 19%.

The company holds the No. 8 rank among its peers in the Retail-Restaurants industry group. Bob Evans Farms ( BOBE ), Restaurant Brands International ( QSR ) and Dunkin' Brands ( DNKN ) 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: WING , QSR , DNKN


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