Etsy had its Relative Strength (RS) Rating upgraded from 70 to 76 Friday — a welcome improvement, but still short of the 80 or better score you prefer to see.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves. See if Etsy can continue to rebound and clear that threshold.
While now is not an ideal time to invest, see if the stock goes on to establish and enter a buying range in heavy trade.
The company showed 0% earnings growth in the latest quarterly report. Sales rose 1%. The next quarterly numbers are expected on or around Jul. 30.
The company holds the No. 27 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.
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!
