ICICI Bank ADR saw its IBD SmartSelect Composite Rating rise to 96 Tuesday, up from 94 the day before.
The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major climbs.
ICICI Bank ADR is currently forming a flat base, with a 31.60 buy point. Look for the stock to break out in volume at least 40% higher than normal.
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The stock sports a 95 EPS Rating, meaning its recent quarterly and annual earnings growth tops 95% of all stocks.
Its Accumulation/Distribution Rating of B- shows moderate buying by institutional investors over the last 13 weeks.
The company reported a 16% earnings-per-share gain for Q2. Revenue growth came in at 26%, down from 27% in the prior quarter.
ICICI Bank ADR holds the No. 3 rank among its peers in the Banks-Foreign industry group. Nu Holdings A is the No. 1-ranked stock within the group.
