Darden Restaurants Shows Rising Price Performance With Jump To 83 RS Rating

The Relative Strength (RS) Rating for Darden Restaurants (DRI) climbed into a new percentile Tuesday, with a rise from 80 to 83.


When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This unique rating identifies market leadership by showing how a stock’s price action over the last 52 weeks compares to that of other stocks on the major indexes.

History reveals that the top-performing stocks often have an 80 or higher RS Rating in the early stages of their moves.

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Darden Restaurants has risen more than 5% past a 126.06 entry in a first-stage cup without 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 moving average.

Although earnings and sales growth came in at -34% and -19%, respectively, in the latest report, that marked two straight quarters of improvement for EPS and two for revenue. Darden Restaurants is expected to release its next quarterly numbers on or around Mar. 19.

Darden Restaurants holds the No. 18 rank among its peers in the Retail-Restaurants industry group. Jack In The Box (JACK) and Fiesta Restaurant Group (FRGI) are also among the group’s highest-rated stocks.

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