The Relative Strength (RS) Rating for ICICI Bank ADR climbed into a new percentile Wednesday, as it got a lift from 68 to 72.
IBD's proprietary RS Rating identifies technical performance 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 reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves. See if ICICI Bank ADR can continue to show renewed price strength and clear that threshold.
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ICICI Bank ADR is working on a cup with handle with a 31.60 entry. See if it can break out in heavy volume.
Earnings growth moved up last quarter from 8% to 16%, but revenue fell from 27% to 26%.
The company earns the No. 4 rank among its peers in the Banks-Foreign industry group. Nu Holdings A is the top-ranked stock within the group.
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