Coupang stock saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 78 to 83.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
Decades of market research shows that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves.
Looking For The Best Stocks To Buy And Watch? Start Here
Is Coupang Stock A Buy?
Coupang is working on a narrow consolidation with a 21.48 entry. See if it can clear the breakout price in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The Korean-based e-commerce retailer reported 0% EPS growth last quarter. Revenue gains came in at 10%.
Coupang stock holds the No. 10 rank among its peers in the Retail-Internet industry group. Vipshop Holdings ADR and Etsy are also among the group's highest-rated stocks. For more industry news, check out "Retail Industry News And Stocks To Watch."
