IBD Rating Upgrades: Bloomin’ Brands Flashes Improved Technical Strength

Bloomin’ Brands (BLMN) had its Relative Strength (RS) Rating upgraded from 66 to 75 Friday — a welcome improvement, but still short 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.

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

Decades of market research reveals that the best stocks typically have an 80 or higher RS Rating as they begin their largest climbs. See if Bloomin’ Brands can continue to show renewed price strength and hit that benchmark.

Looking For The Best Stocks To Buy And Watch? Start Here

Bloomin’ Brands is now considered extended and out of buy range after clearing a 13.16 buy point in a first-stage cup with handle. 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.

EPS growth dropped last quarter from 350% to 209%, but revenue rose from -2% to 86%.

The company holds the No. 17 rank among its peers in the Retail-Restaurants industry group. J Alexander’s (JAX) and Wingstop (WING) are also among the group’s highest-rated stocks.


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