Meta Platforms had its Relative Strength (RS) Rating upgraded from 86 to 91 Friday.
How To Use Stock Charts To Stay Profitable And Protected
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
Over 100 years of market history reveals that the best stocks typically have an 80 or higher RS Rating as they begin their largest price moves.
Meta Platforms is now considered extended and out of buy range after clearing a 662.67 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 37% to 38%. Revenue rose from 16% to 22%.
Meta Platforms earns the No. 3 rank among its peers in the Internet-Content industry group. Kanzhun ADR 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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