In a welcome move, Hyatt Hotels saw its Relative Strength Rating rise from 68 to 72 on Wednesday.
IBD's proprietary RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves. See if Hyatt Hotels can continue to rebound and clear that threshold.
When To Sell Stocks To Lock In Profits And Minimize Losses
Hyatt Hotels broke out earlier, but is now trading approximately 5% below the prior 160.36 entry from a flat base. If a stock you're tracking climbs above a buy point then falls 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new pattern and breakout. Also keep in mind that the latest consolidation is a later-stage base, and such bases are more prone to failure.
Hyatt Hotels reported 27% EPS growth last quarter. Sales rose 0%.
Hyatt Hotels holds the No. 9 rank among its peers in the Leisure-Lodging industry group. Atour Lifestyle Hldgs ADR, Marriott International and Choice Hotels Intl are among the top 5 highly rated stocks within the group.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
