The Relative Strength (RS) Rating for Cinemark Holdings headed into a new percentile Thursday, as it got a lift from 69 to 79.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks tend to have an RS Rating north of 80 as they begin their biggest climbs. See if Cinemark Holdings can continue to show renewed price strength and clear that threshold.
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Cinemark Holdings has climbed more than 5% past a 19.31 entry in a first-stage double bottom, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
While earnings growth declined in the prior quarter from 95% to 0%, sales grew 27%, up from 5% in the previous report.
The company holds the No. 3 rank among its peers in the Leisure-Movies & Related industry group. Netflix is the top-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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