Choice Hotels Intl saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 80 to 85.
IBD's unique rating measures price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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Choice Hotels Intl is still inside a buy range after climbing above a 153.81 entry in a cup without handle. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity.
While the company's top line growth fell last quarter from 2% to 1%, the bottom line grew 23%, up from 5% in the prior report. The next quarterly numbers are expected 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 top-ranked stock within the group.
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