PDD Holdings stock had its Relative Strength (RS) Rating upgraded from 90 to 93 Friday.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength. IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 as they begin their biggest climbs.
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Is PDD Holdings Stock A Buy?
The IBD 50 stock is building a cup with handle with a 92.79 entry. See if it can clear the breakout price in heavy volume. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 115%, compared to 30% in the prior report. Revenue increased from 35% to 46%. The Chinese e-commerce company is expected to report its latest numbers on or around Aug. 24.
PDD Holdings stock holds the No. 4 rank among its peers in the Retail-Internet industry group. For more industry news, check out "Retail Industry News And Stocks To Watch."
