IBD Rating Upgrades: Shake Shack Shows Improved Price Strength

Shake Shack (SHAK) had its Relative Strength (RS) Rating upgraded from 69 to 75 Monday — a welcome improvement, but still shy of the 80 or higher score you prefer to see.


As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.

This unique rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock’s price performance over the last 52 weeks compares to the rest of the market.

Decades of market research reveals that the top-performing stocks typically have an 80 or better RS Rating as they begin their largest price moves. See if Shake Shack can continue to show renewed price strength and hit that benchmark.

Looking For Winning Stocks? Try This Simple Routine

Shake Shack has risen more than 5% past an 87.09 entry in a first-stage ascending base, meaning it’s now out of a proper buy range. 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 moving average.

Top and bottom line growth moved higher in the company’s most recent quarter. Earnings were up 100%, compared to 0% in the prior report. Revenue increased from 4% to 8%.

Shake Shack earns the No. 30 rank among its peers in the Retail-Restaurants industry group. Yum! Brands (YUM) and Restaurant Brands Intl (QSR) are also among the group’s highest-rated stocks.


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