The Relative Strength (RS) Rating for Coupang stock moved into a higher percentile Monday, as it got a lift from 67 to 74.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's proprietary RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the best-performing stocks tend to have an RS Rating north of 80 as they begin their largest climbs. See if Coupang stock can continue to show renewed price strength and clear that threshold.
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Is Coupang Stock A Buy?
While Coupang stock is not currently near a potential buy zone, see if the e-commerce stock goes on to form a sound pattern that could kick off a new climb. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The Korean-based e-commerce firm posted 0% EPS growth last quarter. Sales rose 16%.
Coupang stock holds the No. 5 rank among its peers in the Retail-Internet industry group. PDD Holdings ADR and MercadoLibre are also among the group's highest-rated stocks. For more industry news, check out "Retail Industry News And Stocks To Watch."
