Yelp saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 79 to 84.
Risk Management In The Stock Market: How Much Money To Invest Now
This exclusive rating from Investor's Business Daily identifies share price action 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.
Decades of market research reveals that the best stocks often have an 80 or higher RS Rating as they launch their biggest runs.
Yelp is not currently near a potential buying area. See if the stock goes on to build a chart pattern that could kick off a new climb.
In terms of fundamentals, Yelp has posted two quarters of rising earnings growth. Revenue growth has also moved higher during the same period.
Yelp holds the No. 7 rank among its peers in the Internet-Content industry group. Full Truck Alliance ADR, Kanzhun 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.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
