On Thursday, Yelp received an upgrade to its Relative Strength (RS) Rating, from 79 to 82.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique rating identifies price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an RS Rating north of 80 as they launch their biggest climbs.
Yelp is in a buy range after clearing a 38.77 buy point in a double bottom. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity.
Regarding fundamentals, Yelp has posted rising EPS growth over the last two quarters. Sales gains have also moved higher over the same time frame.
Yelp holds the No. 10 rank among its peers in the Internet-Content industry group. Kanzhun ADR, Full Truck Alliance ADR and Meta Platforms 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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