On Monday, Chewy Cl A hit an important technical milestone, with its Relative Strength (RS) Rating rising into the 80-plus percentile with an upgrade to 83, a rise from 79 the day before.
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This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
History reveals that the top-performing stocks typically have an RS Rating of at least 80 as they begin their biggest price moves.
Chewy Cl A is not currently showing a potential entry point. See if the stock goes on to form a sound pattern that could kick off a new climb.
The company showed 13% EPS growth in its most recent report. Revenue increased 8%.
The company holds the No. 7 rank among its peers in the Retail-Internet industry group. DoorDash, Olo 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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