One important metric to look for in a stock is an 80 or higher Relative Strength Rating. ICICI Bank ADR just hit that mark, with a jump from 78 to 82 Monday.
IBD's proprietary rating measures price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks often have an 80 or better RS Rating in the early stages of their moves.
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The IBD 50 stock is building a cup without handle with a 32.14 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
The stock's relative strength line is in new high territory, a promising indicator ahead of a potential breakout.
ICICI Bank ADR posted 14% EPS growth in the latest quarterly report. Sales gains came in at 22%. The company is expected to report its latest numbers on or around Apr. 21.
The company holds the No. 1 rank among its peers in the Banks-Foreign industry group. ICICI Bank ADR and Credicorp are also among the group's highest-rated stocks.
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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