The average ADR score is 40 and that's below the four week average score of 40.79, but above the eight week average score of 40.79. The average score is churning since making recent lows — a potentially bullish sign. The average ADR is trading -35.76% below its 52 week high, -11.83% below its 200 dma, has 3.40 days to cover held short, and is expected to grow its EPS by 10.44% in the coming year.
The following chart shows the number of ADRs in our universe that are trading more than 5% below our 200 dma. Historically, when this reading has gotten to these levels it's been an actionable buy point.
Overall, the best sector across ADRs is healthcare (MR, SVA, LUX). Utilities (ENI, SBS, CPL), services (DEG, VLRS, ICLR, EDU, HMIN, UGP, SFL), and technology (SPIL, HIMX, NTES, WUBA, OIIM, NICE, JST, CMCM, ATHM) also score above the universe average score. Basics, industrial goods, consumer goods, and financials score below average and should be underweight and stock-specific.
The best zones are Africa (DRD, GOLD) and No. America (BMO). The top regions include Sub-Saharan Africa, No. America, and Latin America (GGAL, VLRS, BMA, BAK, ENI, SBS, CPL, UGP, BCH). South Africa (DRD, GOLD, HMY), Taiwan (SPIL, HIMX), Hong Kong (OIIM, SMI), Bermuda (SFL), and Chile (ENI, BCH) are the strongest scoring countries.
