On Monday, Chewy stock reached a noteworthy technical benchmark, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an improvement to 81, a rise from 75 the day before.
Risk Management In The Stock Market: How Much Money To Invest Now
IBD's unique RS Rating identifies 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 other publicly traded companies.
Decades of market research shows that the best stocks typically have an RS Rating of at least 80 as they begin their biggest runs.
Is Chewy Stock A Buy?
Chewy stock reclaimed its 50-day moving line on Friday and is trying to complete a consolidation with a 48.62 entry. See if it can break out in heavy trade. It's a later-stage pattern, and investors should be aware that those involve more risk.
The online pet retailer reported 13% EPS growth in its most recent report. Sales rose 8%. Look for the next report on or around Aug. 27.
Chewy stock earns the No. 9 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. For more industry news, check out "Retail Industry News And Stocks To Watch."
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.
