One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Coupang cleared that benchmark Thursday, with a jump from 72 to 89 Thursday.
Looking For The Best Stocks To Buy And Watch? Start Here
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against the rest of the market.
Decades of market research shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves.
Coupang is trading within a buy zone after clearing a 25.80 buy point in a consolidation. The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity.
Earnings growth increased last quarter from -50% to 20%, but sales fell from 21% to 11%.
The company earns the No. 11 rank among its peers in the Retail-Internet industry group. Fiverr International, Liquidity Services and MercadoLibre 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.
RELATED:
Retail Industry News And Stocks To Watch
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
