When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Telekomunikasi Indns ADR now meets that criteria, with an increase from 78 to 82 Tuesday.
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This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves.
Telekomunikasi Indns ADR is now considered extended and out of buy range after clearing a 17.40 buy point in a first-stage flat base. 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 moving average.
Although earnings and sales growth came in at -9% and -3%, respectively, in the latest report, that marked acceleration for both the top and bottom lines.
Telekomunikasi Indns ADR holds the No. 10 rank among its peers in the Telecom Services-Foreign industry group. VEON ADR, Millicom Intl Cellular and America Movil ADR are among the top 5 highly rated stocks 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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