On Monday, InterContinental Htls ADR received a positive adjustment to its Relative Strength (RS) Rating, from 87 to 91.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating at the beginning of a new run.
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InterContinental Htls ADR is now considered extended and out of buy range after clearing a 111.51 buy point in a first-stage cup without handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company showed 12% EPS growth in the latest quarterly report, while sales growth came in at 4%.
InterContinental Htls ADR holds the No. 5 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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