Pinterest had its Relative Strength (RS) Rating upgraded from 68 to 73 Friday — a welcome improvement, but still below the 80 or better score you prefer to see.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique rating tracks share price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks compares to 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 often have an RS Rating north of 80 in the early stages of their moves. 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 break out in heavy trade.
Earnings growth picked up last quarter from 6% to 35%. But sales fell from 18% to 16%. The company is expected to report its latest earnings and sales numbers on or around Aug. 5.
Pinterest holds the No. 4 rank among its peers in the Internet-Content industry group. Kanzhun ADR is the top-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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