Banking

Cinemark Getting Closer To Key Technical Measure

On Monday, Cinemark (CNK) got an upgrade to its Relative Strength (RS) Rating, from 68 to 71.




X



When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor’s Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price behavior over the last 52 weeks compares to all the other stocks in our database.

History shows that the market’s biggest winners often have an 80 or better RS Rating as they launch their biggest climbs. See if Cinemark can continue to show renewed price strength and clear that threshold.


See How IBD Helps You Make More Money In Stocks


While Cinemark is not near an ideal entry right now, see if it manages to form and break out from a proper chart pattern.

While earnings-per-share growth dropped in the prior quarter from 0% to -562%, the top line grew -96%, up from -99% in the previous report.

Cinemark holds the No. 12 rank among its peers in the Leisure-Movies & Related industry group. Avid Technology (AVID) and Netflix (NFLX) are also among the group’s highest-rated stocks.

YOU MIGHT ALSO LIKE:

IBD Stock Rating Upgrades: Rising Relative Strength

Why Should You Use IBD’s Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

Evaluate Any Stock With Stock Ratings, IBD Charts And Stock Checkup

Most Related Links :
Business News Governmental News Finance News

Source link

Back to top button