On Friday, America Movil ADR reached a key technical benchmark, with its Relative Strength (RS) Rating jumping into the 80-plus percentile with an upgrade to 82, an increase from 74 the day before.
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This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
America Movil ADR is now considered extended and out of buy range after clearing a 17.98 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 moving average.
Earnings growth fell in the most recent quarter from 11% to 0%. But revenue moved higher, from -8% to 11%.
America Movil ADR holds the No. 3 rank among its peers in the Telecom Services-Foreign industry group. Millicom Intl Cellular 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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