The Relative Strength (RS) Rating for Choice Hotels Intl entered a new percentile Wednesday, with an increase from 77 to 81.
IBD's proprietary rating measures price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves.
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Choice Hotels Intl is now considered extended and out of buy range after clearing a 136.02 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth moved up last quarter from 5% to 23%, but sales fell from 2% to 1%.
The company holds the No. 4 rank among its peers in the Leisure-Lodging industry group. Atour Lifestyle Hldgs ADR is the top-ranked stock within the group.
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