ICICI Bank ADR saw its IBD SmartSelect Composite Rating rise to 96 Tuesday, up from 91 the day before.
The new score tells you the company is now outperforming 96% of all stocks in terms of the most important fundamental and technical stock-picking criteria. The best stocks tend to have a 95 or better grade as they launch a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.
ICICI Bank ADR is currently forming a flat base, with a 32.14 entry. Look for the stock to break out in volume at least 40% higher than normal.
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The stock earns a 95 EPS Rating, which means its recent quarterly and longer-term 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.
In Q3, the company reported 14% earnings growth. Revenue growth came in at 22%, down from 26% in the previous quarter.
ICICI Bank ADR holds the No. 3 rank among its peers in the Banks-Foreign industry group. Banco Santander-Chile ADR is the top-ranked stock within the group.
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