Vipshop Holdings ADR had its Relative Strength (RS) Rating upgraded from 79 to 82 Wednesday.
Hone Your Stock-Picking Skills By Focusing On These Factors
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against the rest of the market.
History reveals that the stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves.
Vipshop Holdings ADR is building a cup without handle with a 17.94 entry. See if it can break out in volume at least 40% above average.
While the company's bottom line growth declined in the company's most recently reported quarter from -5% to -6%, the top line rose -5%, up from -7% in the prior report. The next quarterly numbers are expected on or around Aug. 15.
Vipshop Holdings ADR earns the No. 12 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.
RELATED:
Retail Industry News And Stocks To Watch
IBD Stock Rating Upgrades: 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!
