TACO vs. TXRH: Which Stock Is the Better Value Option?
On Friday, Texas Roadhouse hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 81, up from 75 the day before. IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies. Texas Roadhouse is within a buy zone after climbing above a 63.04 buy point in a cup without handle.
For all the turmoil that the Covid-19 pandemic has caused in the restaurant sector, there are still a number of success stories.