On Thursday, MINISO Group Holding ADR got an upgrade to its Relative Strength (RS) Rating, from 66 to 73.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to the rest of the market.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves. See if MINISO Group Holding ADR can continue to show renewed price strength and hit that benchmark.
While the stock is not near a proper buy point right now, see if it is able to form and break out of a proper base.
EPS growth fell last quarter from 17% to -4%, but the top line rose from 18% to 25%.
MINISO Group Holding ADR earns the No. 2 rank among its peers in the Retail-Discount & Variety industry group. Five Below 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.
RELATED:
Which Stocks Are Showing Improved Technical Action?
