Chewy stock had its Relative Strength (RS) Rating upgraded from 64 to 72 Thursday — a welcome improvement, but still shy of the 80 or higher score you look for.
Can You Really Time The Stock Market?
This unique rating identifies technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 as they launch their biggest price moves. See if Chewy Cl A can continue to rebound and hit that benchmark.
Is Chewy Stock A Buy?
Chewy stock is working on a consolidation with a 48.62 buy point. See if it can break out in volume at least 40% higher than normal. It's a later-stage pattern, and investors should be aware that those are less likely to lead to significant gains.
The online pets retailer posted 13% earnings growth in its most recent report, while sales growth came in at 8%. Look for the next report on or around Sep. 10.
Chewy stock holds the No. 7 rank among its peers in the Retail-Internet industry group. DoorDash, Olo and Sea ADR are among the top 5 highly rated stocks within the group. For more industry news, check out "Retail Industry News And Stocks To Watch."
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