Pinterest saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 68 to 71.
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IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks often have an RS Rating north of 80 as they begin their biggest climbs. See if Pinterest can continue to show renewed price strength and clear that threshold.
Pinterest is building a double bottom with a 40.90 entry. See if the stock can clear the breakout price in heavy trading.
Earnings growth rose last quarter from 6% to 35%. But sales fell from 18% to 16%.
Pinterest holds the No. 2 rank among its peers in the Internet-Content industry group. Meta Platforms is the No. 1-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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