On Tuesday, Meta Platforms reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 84, up from 69 the day before.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the top-performing stocks typically have an RS Rating of above 80 as they begin their biggest climbs.
Meta Platforms is building a cup without handle with a 740.91 entry. See if the stock can clear the breakout price in heavy trading.
Meta Platforms reported 37% EPS growth in the latest quarterly report. Revenue rose 16%.
The company holds the No. 2 rank among its peers in the Internet-Content industry group. Full Truck Alliance 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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