In a welcome move, Etsy saw its Relative Strength Rating improve from 61 to 78 on Tuesday.
Can You Really Time The Stock Market?
This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the best stocks typically have an RS Rating of over 80 as they launch their largest climbs. See if Etsy can continue to rebound and clear that threshold.
Etsy is not currently offering a proper buying opportunity. See if the stock goes on to build a sound pattern that could ignite a new run.
Etsy reported 0% EPS growth last quarter. Sales rose 1%.
The company earns the No. 23 rank among its peers in the Retail-Internet industry group. DoorDash, Fiverr International and MercadoLibre 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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