On Monday, Cinemark Holdings earned a positive adjustment to its Relative Strength (RS) Rating, from 66 to 71.
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This exclusive rating from Investor's Business Daily tracks price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the top-performing stocks typically have an RS Rating of at least 80 in the early stages of their moves. See if Cinemark Holdings can continue to show renewed price strength and hit that benchmark.
Cinemark Holdings is now considered extended and out of buy range after clearing a 19.31 buy point in a first-stage double bottom. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Cinemark Holdings reported 0% EPS growth in the latest quarterly report. Sales gains came in at -7%. The next quarterly numbers are expected on or around Aug. 1.
The company earns the No. 8 rank among its peers in the Leisure-Movies & Related industry group. Netflix, Imax and Starz Entertainment 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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