On Wednesday, Dunkin' Brands ( DNKN ) hit an important performance benchmark, with its Relative Strength ( RS ) Rating moving into the 80-plus percentile with an improvement to 81, a rise from 73 the day before.
[ibd-display-video id=2385970 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily measures share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating of over 80 as they launch their biggest price moves.
Dunkin' Brands has climbed more than 5% past a 56.68 entry in a first-stage saucer with handle , meaning it's now out of a proper buy zone. 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 line.
EPS growth dropped last quarter from 12% to 2%, but the top line rose from 1% to 8%. The next quarterly numbers are expected on or around Feb. 9.
Dunkin' Brands holds the No. 4 rank among its peers in the Retail-Restaurants industry group. Texas Roadhouse ( TXRH ) is the top-ranked stock within the group.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of NASDAQ, Inc.