Amazon.com had its Relative Strength (RS) Rating upgraded from 70 to 73 Friday — a welcome improvement, but still below the 80 or higher score you prefer to see.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's proprietary RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best stocks often have an RS Rating north of 80 as they begin their biggest price moves. See if Amazon.com can continue to show renewed price strength and clear that threshold.
While it's not currently an ideal time to jump in, see if the stock goes on to form a chart pattern and break out.
Amazon.com showed 62% earnings growth in its most recent report, while sales growth came in at 9%. Look for the next report on or around Jul. 31.
Amazon.com holds the No. 7 rank among its peers in the Retail-Internet industry group. DoorDash, MercadoLibre and Olo 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:
Magnificent Seven Stocks: Latest Market News And Market Cap Weighting
Which Stocks Are Showing Rising Relative Strength?
Find The Next Palantir Or Hot IPO For The Next Uptrend. Here's How.
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
