MINISO Group Holding ADR saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 88 to 93.
This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an RS Rating north of 80 at the beginning of a new run.
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MINISO Group Holding ADR has climbed more than 5% past a 21.43 entry in a first-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
The company showed 11% earnings growth in its most recent report. Sales gains came in at 24%.
The company earns the No. 1 rank among its peers in the Retail-Discount & Variety industry group. Ollie's Bargain Outlet and BJ's Wholesale Club are also among the group's highest-rated stocks.
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