One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Hilton cleared that benchmark Monday, with a jump from 79 to 82 Monday.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
History shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves.
Hilton is now considered extended and out of buy range after clearing a 259.56 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings grew 15% last quarter, up from 12% in the prior report. Revenue also increased, from 5% to 6%.
Hilton earns the No. 2 rank among its peers in the Leisure-Lodging industry group. Atour Lifestyle Hldgs ADR 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.
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