KT ADR saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 68 to 73.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their largest price moves. See if KT ADR can continue to rebound and clear that threshold.
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KT ADR broke out earlier, but is now about 4% below the prior 15.90 entry from a flat base. If a stock you're tracking clears a buy point then falls 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and buy point. Also keep in mind that the most recent pattern is a later-stage base, and such bases are more prone to failure.
The company reported negative growth for both sales and earnings last quarter. The company is expected to release its next quarterly numbers on or around Nov. 8.
KT ADR holds the No. 3 rank among its peers in the Telecom Services-Foreign industry group. Telecom Argentina ADR is the No. 1-ranked stock within the group.
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