On Wednesday, PDD Holdings ADR got a positive adjustment to its Relative Strength (RS) Rating, from 79 to 83.
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This exclusive rating from Investor's Business Daily identifies share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves.
Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to offer and clear a proper buy point.
Earnings growth picked up last quarter from -45% to -4%. But revenue gains fell from 10% to 9%.
PDD Holdings ADR holds the No. 10 rank among its peers in the Retail-Internet industry group. Sea ADR, DoorDash and Olo 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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