One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Imax cleared that benchmark Thursday, with a jump from 80 to 84 Thursday.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the best-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves.
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Imax is building a consolidation with a 22.13 buy point. See if the stock can break out in volume at least 40% above average.
While revenue growth fell last quarter from -9% to -12%, earnings-per-share grew 0%, up from -31% in the previous report.
The company earns the No. 7 rank among its peers in the Leisure-Movies & Related industry group. Netflix, Cinemark Holdings and Roku Cl A are among the top 5 highly rated stocks within the group.
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