The Relative Strength (RS) Rating for Coupang stock entered a new percentile Tuesday, with an increase from 79 to 86.
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This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks tend to have an RS Rating north of 80 as they launch their biggest runs.
Is Coupang Stock A Buy?
Coupang stock broke out earlier on Monday with 31.64 entry from a cup without handle. The e-commerce stock is still trading within the buy range.
While the South Korean-based e-commerce company's bottom line growth decreased last quarter from 20% to -71%, the top line grew 16%, up from 11% in the prior report.
Coupang stock earns the No. 22 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."
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