On Tuesday, Carnival ADR cleared a key technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 83, up from 80 the day before.
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
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.
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Carnival ADR is building a consolidation with a 17.95 buy point. See if it can break out in volume at least 40% higher than normal.
The company posted 0% earnings growth in its most recent report. Sales increased 41%. The next quarterly numbers are expected on or around Mar. 27.
Carnival ADR earns the No. 13 rank among its peers in the Leisure-Services industry group. Uber Technologies, Royal Caribbean Group and Carnival are among the top 5 highly rated stocks within the group.
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