The Relative Strength (RS) Rating for British Amer Tobacco ADR entered a new percentile Wednesday, as it got a lift from 69 to 72.
IBD's proprietary RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matched up against all other stocks.
Decades of market research reveals that the market's biggest winners often have an RS Rating of at least 80 as they begin their biggest price moves. See if British Amer Tobacco ADR can continue to show renewed price strength and clear that threshold.
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British Amer Tobacco ADR broke out earlier, but has fallen back below the prior 38.18 entry from a cup with handle. If a stock you're tracking clears a buy point then declines 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 entry price. Also understand that the latest pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
The company posted negative growth for both sales and earnings last quarter.
British Amer Tobacco ADR earns the No. 4 rank among its peers in the Tobacco industry group. Turning Point Brands is the top-ranked stock within the group.
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