On Wednesday, Full Truck Alliance ADR hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 82, up from 77 the day before.
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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 movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
While Full Truck Alliance ADR is not near an ideal buy zone right now, see if it goes on to form and break out from a proper consolidation.
Earnings growth increased in the company's most recent report from 40% to 80%, but sales fell from 28% to 18%. The company is expected to report its latest earnings and sales numbers on or around Aug. 20.
Full Truck Alliance ADR holds the No. 4 rank among its peers in the Internet-Content industry group. Kanzhun ADR is the top-ranked stock 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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