On Tuesday, Norwegian Cruise Line (NCLH) earned an another upgrade to its Relative Strength (RS) Rating, from 88 to 93. This on top of an increase we brought to your attention last week.
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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock’s price performance over the trailing 52 weeks matches up against the rest of the market.
Decades of market research reveals that the market’s biggest winners typically have an RS Rating of over 80 as they begin their largest runs.
See How IBD Helps You Make More Money In Stocks
The IBD 50 stock still is in a buy zone after climbing above an 18.12 buy point in a cup without handle. The proper buying range is up to 5% above the initial entry. Once a stock hits that benchmark, it’s best to wait for it to set up another buying opportunity..
NCLH Earnings
The company posted 0% earnings growth in the latest quarterly report, while sales growth came in at 249%.
The company holds the No. 6 rank among its peers in the Leisure-Services industry group. Royal Caribbean Group (RCL), Hilton Grand Vacations (HGV) and OneSpaWorld Holdings (OSW) are among the top 5 highly rated stocks within the group.
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Read More: Norwegian Cruise Line Stock Showing Leadership With Another Jump In RS Rating