Imax saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an upgrade from 64 to 76.
Can You Really Time The Stock Market?
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Imax can continue to rebound and hit that benchmark.
Imax is working on a double bottom with a 29.20 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
Earnings growth rose last quarter from -13% to 44%. But revenue gains fell from 10% to 3%.
The company holds the No. 2 rank among its peers in the Leisure-Movies & Related industry group. Netflix is the top-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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