On Thursday, Cinemark Holdings cleared a key technical benchmark, with its Relative Strength (RS) Rating climbing into the 90-plus percentile with an upgrade to 92, an increase from 88 the day before.
Looking For The Best Stocks To Buy And Watch? Start Here
IBD's unique rating tracks share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks typically have an 80 or higher RS Rating as they launch their largest price moves.
Cinemark Holdings is working on a consolidation with a 36.28 entry. See if the stock can clear the breakout price in heavy trade.
Cinemark Holdings reported 0% earnings growth in the latest quarterly report. Revenue rose -7%.
The company earns the No. 5 rank among its peers in the Leisure-Movies & Related industry group. Netflix is the No. 1-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:
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!
