On Monday, Amazon.com received an upgrade to its Relative Strength (RS) Rating, from 68 to 78.
Can You Really Time The Stock Market?
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating north of 80 as they begin their largest climbs. See if Amazon.com can continue to rebound and clear that threshold.
Amazon.com is still inside a buy range after clearing a 214.84 entry in a cup with handle. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buy zone.
Amazon.com posted 62% EPS growth in its most recent report. Revenue rose 9%.
The company holds the No. 8 rank among its peers in the Retail-Internet industry group. DoorDash, MercadoLibre and Sea ADR are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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