On Friday, Meta Platforms received a positive adjustment to its Relative Strength (RS) Rating, from 64 to 71.
When To Sell Stocks To Lock In Profits And Minimize Losses
This exclusive rating from Investor's Business Daily identifies market leadership 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.
Decades of market research shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves. See if Meta Platforms can continue to show renewed price strength and hit that benchmark.
Meta Platforms is building a double bottom with a 790.80 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 38%, compared to 37% in the prior report. Revenue increased from 16% to 22%. The company is expected to report its latest results on or around Oct. 29.
The company earns the No. 7 rank among its peers in the Internet-Content industry group. Tencent Music Ent ADR, Kanzhun ADR and Alphabet Cl C 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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