Royal Caribbean Cruises To Market Leadership With Jump In RS Rating

On Monday, Royal Caribbean Cruises (RCL) cleared an important performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 84, up from 79 the day before.


As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.

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

History reveals that the top-performing stocks tend to have an 80 or higher RS Rating in the early stages of their moves.

See How IBD Helps You Make More Money In Stocks

Royal Caribbean Cruises is building a consolidation with a 99.34 entry. See if it can break out in volume at least 40% above average.

Although earnings and sales growth came in at -200% and -98%, respectively, in the latest report, that marked one quarter of improvement for earnings and two for revenue.

The company holds the No. 25 rank among its peers in the Leisure-Services industry group. Hilton Grand Vacations (HGV) and Travel Leisure (TNL) are also among the group’s highest-rated stocks.


Join IBD Live And Learn Top Chart-Reading And Trading Techniques From The Pros
MarketSmith’s Tools Can Help The Individual Investor
Profit From Short-Term Trends With SwingTrader
Get Timely Buy & Sell Alerts With IBD Leaderboard
How To Make Money In Stocks In 3 Simple Steps

Most Related Links :
usnewsmail Governmental News Finance News

Source link

Back to top button