Quantcast
Featured Image

In a welcome move, Shake Shack ( SHAK ) saw its Relative Strength Rating improve from 65 to 71 on Thursday.

[ibd-display-video id=2385970 width=50 float=left autostart=true] This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history shows that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves. See if Shake Shack can continue to show renewed price strength and clear that threshold.

See How IBD Helps You Make More Money In Stocks

Shake Shack is not currently near a potential buying area. See if the stock goes on to build a base that could kick off a new price move.

Shake Shack posted 13% EPS growth last quarter. Sales gains came in at 27%. Look for the next report on or around Mar. 1.

The company earns the No. 8 rank among its peers in the Retail-Restaurants industry group. Darden Restaurants ( DRI ), Texas Roadhouse ( TXRH ) and Wingstop ( WING ) 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.

More from INVESTOR'S BUSINESS DAILY

Related Articles