Stocks Showing Rising Market Leadership: Hyatt Hotels Earns 81 RS Rating
On Wednesday, Hyatt Hotels got a positive adjustment to its Relative Strength (RS) Rating, from 77 to 81.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks tend to have an RS Rating north of 80 as they launch their biggest price moves.
Hyatt Hotels is still inside a buy zone after clearing an 84.72 entry in a double bottom. Once a stock moves 5% or higher beyond the original entry, it's considered out of buy range.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 36%, compared to 0% in the prior report. Revenue increased from -56% to 165%. The next quarterly results are expected on or around Nov. 4.
The company holds the No. 8 rank among its peers in the Leisure-Lodging industry group. Hilton Worldwide and Choice Hotels International are also among the group's highest-rated stocks.