Stocks Showing Improving Market Leadership: Twitter Earns 82 RS Rating
One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Twitter cleared that benchmark Wednesday, with a jump from 79 to 82 Wednesday.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
History shows that the top-performing stocks often have an RS Rating of above 80 as they begin their biggest runs.
Twitter has risen more than 5% past a 56.21 entry in a first-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 45% to 112%. Revenue rose from 28% to 74%.
Twitter earns the No. 8 rank among its peers in the Internet-Content industry group. Alphabet and Alphabet are also among the group's highest-rated stocks.