The Relative Strength (RS) Rating for Amazon.com moved into a new percentile Friday, as it got a lift from 69 to 77.
Can You Really Time The Stock Market?
This exclusive rating from Investor's Business Daily measures share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 as they launch their biggest climbs. See if Amazon.com can continue to show renewed price strength and hit that benchmark.
Amazon.com has risen more than 5% past a 214.84 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
While earnings growth declined in the company's most recent performance report from 62% to 33%, revenue grew 13%, up from 9% in the prior report.
The company holds the No. 8 rank among its peers in the Retail-Internet industry group. Olo, Sea ADR and DoorDash 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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