Atour Lifestyle Hldgs ADR had its Relative Strength (RS) Rating upgraded from 89 to 92 Tuesday.
How To Use Stock Charts To Stay Profitable And Protected
This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves.
The stock, which is on both the IBD 50 and IBD 50 screens, is still inside a buying range after moving past a 34.23 buy point in a flat base. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity..
The relative strength has entered new high ground, a sign the stock is outperforming the general market in terms of price performance. .
Atour Lifestyle Hldgs ADR reported 31% earnings growth in its most recent report. Sales gains came in at 29%.
Atour Lifestyle Hldgs ADR earns the No. 1 rank among its peers in the Leisure-Lodging industry group. Hilton and Marriott International are also among the group's highest-rated stocks.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
