On Friday, British Amer Tobacco ADR got a positive adjustment to its Relative Strength (RS) Rating, from 90 to 94.
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves.
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British Amer Tobacco ADR broke out earlier, but has fallen back below the prior 41.87 entry from a cup with handle. If a stock you're tracking clears a buy point then retreats 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new base and breakout. Also keep in mind that the latest pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
British Amer Tobacco ADR posted negative growth for both the top and bottom lines last quarter. British Amer Tobacco ADR is expected to release its next quarterly numbers on or around Apr. 29.
British Amer Tobacco ADR earns the No. 4 rank among its peers in the Tobacco industry group. Universal Corp 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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