Shake Shack Sees IBD RS Rating Climb To 73

Shake Shack (SHAK) had its Relative Strength (RS) Rating upgraded from 67 to 73 Friday — a welcome improvement, but still shy of the 80 or better score you prefer to see.

When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock’s price performance over the last 52 weeks compares to the rest of the market.

Over 100 years of market history shows that the best stocks often have an 80 or better RS Rating as they begin their biggest runs. See if Shake Shack can continue to rebound and hit that benchmark.

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Shake Shack is now considered extended and out of buy range after clearing an 87.09 buy point in a first-stage ascending base. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.

Top and bottom line growth moved higher last quarter. Earnings were up 100%, compared to 0% in the prior report. Revenue increased from 4% to 8%. The next quarterly results are expected on or around Jul. 30.

The company earns the No. 32 rank among its peers in the Retail-Restaurants industry group. Yum China (YUMC) and Papa John’s International (PZZA) are also among the group’s highest-rated stocks.


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