When looking for the best stocks to buy and watch, focus on those with rising relative price strength.
One stock that fits that bill is Jack in the Box, which saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 87 to 91.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength. This exclusive rating from Investor's Business Daily measures price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the best stocks often have an RS Rating of over 80 as they launch their largest climbs.
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Jack in the Box is not currently showing a potential entry point. See if the stock goes on to form a sound pattern that could launch a new move.
Earnings growth picked up last quarter from 2% to 27%. But revenue gains fell from 53% to 23%.
The company earns the No. 15 rank among its peers in the Retail-Restaurants industry group. Chipotle Mexican Grill, Chuy's Holdings and Texas Roadhouse are among the top 5 highly rated stocks within the group.
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