On Monday, Pinterest got a positive adjustment to its Relative Strength (RS) Rating, from 64 to 72.
When To Sell Stocks To Lock In Profits And Minimize Losses
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their biggest runs. See if Pinterest can continue to show renewed price strength and hit that benchmark.
Pinterest is working on a double bottom with a 40.90 entry. See if the stock can clear the breakout price in heavy volume.
Earnings growth rose last quarter from 6% to 35%. But sales fell from 18% to 16%. The company is expected to report its latest results on or around Aug. 5.
Pinterest earns the No. 2 rank among its peers in the Internet-Content industry group. Meta Platforms 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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