In a welcome move, Etsy saw its Relative Strength Rating rise from 70 to 76 on Friday.
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This proprietary rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains often have an RS Rating of above 80 in the early stages of their moves. See if Etsy can continue to show renewed price strength and hit that benchmark.
Etsy is not currently showing a potential buy point. See if the stock goes on to build a promising consolidation that could spark a new run.
Etsy reported 0% earnings growth in the latest quarterly report, while sales growth came in at 1%.
Etsy earns the No. 25 rank among its peers in the Retail-Internet industry group. DoorDash, MercadoLibre 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.
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