The Relative Strength (RS) Rating for Cinemark Holdings moved into a higher percentile Wednesday, as it got a lift from 68 to 71.
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This unique rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best stocks often have an RS Rating of over 80 in the early stages of their moves. See if Cinemark Holdings can continue to rebound and clear that threshold.
Cinemark Holdings is now considered extended and out of buy range after clearing a 19.31 buy point in a first-stage double bottom. 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.
The company reported 0% earnings growth in the latest quarterly report, while sales growth came in at -7%. The company is expected to report its latest results on or around Aug. 1.
The company earns the No. 7 rank among its peers in the Leisure-Movies & Related industry group. Netflix, Imax and Starz Entertainment 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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