On Thursday, Baidu ADR reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 93, up from 89 the day before.
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This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating of above 80 in the early stages of their moves.
Baidu ADR has risen more than 5% past a 116.25 entry in a first-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
The company posted negative growth for both the top and bottom lines last quarter.
The company earns the No. 20 rank among its peers in the Internet-Content industry group. Tencent Music Ent ADR, Kanzhun ADR and Alphabet Cl C are among the top 5 highly rated stocks within the group.
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.
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