One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Imax stock just hit that mark, with a jump from 79 to 84 Friday.
IBD's proprietary rating tracks share price movement 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.
Decades of market research reveals that the best-performing stocks often have an RS Rating north of 80 as they launch their biggest runs.
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Is Imax Stock A Buy?
Imax stock reclaimed its 50-day moving average on Friday and is working on a consolidation with a 22.13 buy point. See if the leisure stock can break out in heavy trade.
The film and television production company reported negative growth for both sales and earnings last quarter. The company is expected to release its next quarterly numbers on or around Oct. 31.
Imax stock holds 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.
