On Thursday, Chagee Holdings ADR hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 88, up from 79 the day before.
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IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 in the early stages of their moves.
Chagee Holdings ADR is working on a with a 39.47 entry. See if it can break out in heavy volume.
Chagee Holdings ADR posted negative growth for both sales and earnings last quarter.
Chagee Holdings ADR earns the No. 16 rank among its peers in the Beverages-Non-Alcoholic industry group. Primo Brands, Vita Coco and Embotell Andina A ADR 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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