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Wendy's ( WEN ) had its Relative Strength ( RS ) Rating upgraded from 67 to 76 Wednesday -- a welcome improvement, but still below the 80 or better score you prefer to see.

[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.

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

See How IBD Helps You Make More Money In Stocks

Wendy's is within a buy range after clearing a 16.76 entry in a consolidation . The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity..

Earnings-per-share growth decreased in the company's most recent report from 50% to -18%, but sales rose from -16% to -15%.

The company holds the No. 6 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.

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