On Thursday, ICICI Bank ADR got an upgrade to its Relative Strength (RS) Rating, from 66 to 71.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating north of 80 as they begin their biggest runs. See if ICICI Bank ADR can continue to rebound and hit that benchmark.
ICICI Bank ADR broke out earlier, but has fallen back below the prior 34.50 entry from a flat base. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to take shape. Also keep in mind that the latest pattern is a later-stage base, and those involve more risk.
ICICI Bank ADR posted 13% EPS growth last quarter. Sales increased 8%.
ICICI Bank ADR earns the No. 2 rank among its peers in the Banks-Foreign industry group. Cdn Imperial Bk Of Comm 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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