The Relative Strength (RS) Rating for Etsy entered a new percentile Friday, with an increase from 74 to 82.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's unique rating measures price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating of above 80 in the early stages of their moves.
While Etsy is not near an ideal entry right now, see if it manages to form and break out of a proper chart pattern.
Earnings growth slowed in the most recent quarter from 0% to -39%. But sales moved higher, from 1% to 4%.
Etsy holds the No. 32 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.
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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