Cinemark Holdings had its Relative Strength (RS) Rating upgraded from 70 to 73 Tuesday — a welcome improvement, but still shy of the 80 or higher score you look for.
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Cinemark Holdings can continue to rebound and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
Cinemark Holdings has moved more than 5% past a 19.31 entry in a first-stage double bottom, meaning it's now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
While earnings growth declined in the company's most recently reported quarter from 95% to 0%, revenue rose 27%, up from 5% in the prior report.
The company earns the No. 3 rank among its peers in the Leisure-Movies & Related industry group. Netflix is the No. 1-ranked stock 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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