On Monday, Pinterest got an upgrade to its Relative Strength (RS) Rating, from 80 to 84.
Risk Management In The Stock Market: How Much Money To Invest Now
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating of at least 80 as they begin their biggest climbs.
Is Pinterest Stock A Buy?
Pinterest stock is building a double bottom with a 40.90 entry. See if the stock can break out in volume at least 40% higher than normal.
Earnings growth increased last quarter from 6% to 35%, but revenue fell from 18% to 16%. Look for the next report on or around Aug. 7.
Pinterest stock holds the No. 1 rank among its peers in the Internet-Content industry group. Pinterest and Full Truck Alliance ADR are also among the group's highest-rated stocks.
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.
