Wingstop Scores Relative Strength Rating Upgrade; Hits Key Threshold

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On Thursday, Wingstop ( WING ) hit an important technical milestone, with its Relative Strength ( RS ) Rating rising into the 80-plus percentile with an improvement to 85, a rise from 80 the day before.

[ibd-display-video id=2531707 width=50 float=left autostart=true] This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.

Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating of over 80 in the early stages of their moves.

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Wingstop is still within a buy range after breaking past a 36.01 buy point in a flat base . Once a stock moves 5% or higher beyond the initial entry, it's considered out of buy range.

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 earns the No. 3 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: WING , RS ,

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