The Relative Strength (RS) Rating for HDFC Bank ADR entered a new percentile Monday, as it got a lift from 66 to 73.
IBD's unique rating measures share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an RS Rating north of 80 as they launch their biggest price moves. See if HDFC Bank ADR can continue to rebound and hit that benchmark.
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HDFC Bank ADR is building a cup without handle with a 68.50 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
The company reported negative growth for both sales and earnings last quarter. The company is expected to report its next quarterly numbers on or around Apr. 19.
HDFC Bank ADR holds the No. 14 rank among its peers in the Banks-Foreign industry group. ICICI Bank ADR, Banco Santander-Chile ADR and Credicorp 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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