The Relative Strength (RS) Rating for Etsy entered a new percentile Wednesday, with an increase from 79 to 85.
Risk Management In The Stock Market: How Much Money To Invest Now
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history reveals that the market's biggest winners tend to have an 80 or higher RS Rating in the early stages of their moves.
Etsy is building a cup without handle with a 64.97 buy point. See if the stock can break out in volume at least 40% higher than normal.
The company reported 0% earnings growth last quarter, while sales growth came in at 1%. Keep an eye out for the company's next round of numbers on or around Jul. 30.
Etsy 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.
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