One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Alphabet Cl C cleared that benchmark Thursday, with a jump from 76 to 83 Thursday.
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IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
Decades of market research reveals that the best-performing stocks often have an RS Rating of above 80 in the early stages of their moves.
Alphabet Cl C is working on a cup with handle with a 198.97 buy point. See if it can break out in heavy volume.
While earnings-per-share growth dropped in the company's most recent performance report from 26% to 24%, revenue grew 14%, up from 12% in the prior report.
Alphabet Cl C holds the No. 3 rank among its peers in the Internet-Content industry group. Kanzhun ADR is the No. 1-ranked stock 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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