ICICI Bank ADR saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 70 to 76.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an 80 or higher RS Rating in the early stages of their moves. See if ICICI Bank ADR can continue to rebound and clear that threshold.
Can You Really Time The Stock Market?
ICICI Bank ADR is trying to complete a cup with handle with a 31.60 buy point. See if it can break out in volume at least 40% higher than normal.
Earnings growth rose last quarter from 8% to 16%, but sales fell from 27% to 26%.
The company earns the No. 1 rank among its peers in the Banks-Foreign industry group. Banco Latinamer and VersaBank are also among the group's highest-rated stocks.
RELATED:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
