On Friday, KE Holdings ADR cleared a noteworthy technical benchmark, with its Relative Strength (RS) Rating jumping into the 90-plus percentile with an improvement to 92, an increase from 88 the day before.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
History reveals that the top-performing stocks typically have an RS Rating of over 80 as they launch their largest climbs.
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KE Holdings ADR is trying to complete a cup with handle with a 25.16 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
While the company's bottom line growth decreased last quarter from -12% to -20%, the top line rose 50%, up from 32% in the prior report.
The company earns the No. 14 rank among its peers in the Real Estate-Development/Operations industry group. Grupo Aeroportuario ADR, Gpo Aeroport Sureste ADR and CBRE Group are among the top 5 highly rated stocks 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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