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Wendy's Shows Rising Relative Strength; Still Shy Of Key Threshold

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Wendy's ( WEN ) saw a welcome improvement to its Relative Strength ( RS ) Rating on Thursday, with an upgrade from 69 to 73.

[ibd-display-video id=2881825 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.

Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves. See if Wendy's can continue to rebound and clear that threshold.

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Wendy's is within a buy zone after clearing a 16.76 buy point in a consolidation . Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buying area.

While earnings-per-share growth decreased last quarter from 50% to -18%, sales rose -15%, up from -16% in the prior report.

The company holds the No. 8 rank among its peers in the Retail-Restaurants industry group. Darden Restaurants ( DRI ), Texas Roadhouse ( TXRH ) and Dunkin' Brands ( DNKN ) are among the top 5 highly rated stocks 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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