Choice Hotels Intl had its Relative Strength (RS) Rating upgraded from 77 to 81 Wednesday.
IBD's proprietary RS Rating tracks market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
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Choice Hotels Intl broke out earlier, but is now about 4% below the prior 153.81 entry from a cup without handle. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new pattern to form. Also keep in mind that the latest consolidation is a later-stage base, and those involve more risk.
Earnings growth rose last quarter from 5% to 23%, but sales fell from 2% to 1%. Keep an eye out for the company's next round of numbers on or around Feb. 20.
Choice Hotels Intl holds the No. 3 rank among its peers in the Leisure-Lodging industry group. Atour Lifestyle Hldgs ADR is the No. 1-ranked stock within the group.
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