Chewy stock saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, rising from 70 to 75.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating north of 80 as they begin their biggest runs. See if Chewy stock can continue to rebound and hit that benchmark.
Is Chewy Stock A Buy?
Chewy stock is building a consolidation with a 48.62 buy point. See if the retail stock can break out in heavy volume. Keep in mind that it's a later-stage consolidation, and those entail more risk.
The pets-related e-commerce platform reported 13% earnings growth in its most recent report. Revenue gains came in at 8%. Look for the next report on or around Sep. 10.
Chewy stock earns the No. 9 rank among its peers in the Retail-Internet industry group. Olo, Sea ADR and DoorDash 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.
