On Thursday, Choice Hotels Intl received a positive adjustment to its Relative Strength (RS) Rating, from 70 to 75.
IBD's proprietary RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 in the early stages of their moves. See if Choice Hotels Intl can continue to show renewed price strength and hit that benchmark.
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Choice Hotels Intl has climbed more than 5% past a 136.02 entry in a first-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth rose last quarter from 5% to 23%. But sales fell from 2% to 1%.
The company earns the No. 4 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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