One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Honda Motor ADR just hit that mark, with a jump from 77 to 82 Wednesday.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves.
Honda Motor ADR has moved more than 5% past a 31.12 entry in a first-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -59% to -36%. Revenue rose from 0% to 10%.
Honda Motor ADR earns the No. 6 rank among its peers in the Auto Manufacturers industry group. Ferrari, General Motors and XPeng 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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