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Texas Roadhouse Sees RS Rating Climb To 78

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Texas Roadhouse ( TXRH ) had its Relative Strength ( RS ) Rating upgraded from 67 to 78 Thursday -- a welcome improvement, but still below the 80 or better score you look for.

[ibd-display-video id=2881825 width=50 float=left autostart=true] This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history reveals that the best stocks typically have an RS Rating of at least 80 as they begin their largest price moves. See if Texas Roadhouse can continue to show renewed price strength and hit that benchmark.

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Texas Roadhouse has moved more than 5% past a 53.71 entry in a first-stage cup without handle , meaning it's now out of a proper buy range. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.

Regarding fundamentals, Texas Roadhouse has posted rising EPS growth in each of the last three reports. Revenue growth has also risen over the same time frame.

The company earns the No. 2 rank among its peers in the Retail-Restaurants industry group. Darden Restaurants ( DRI ) is the top-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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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