One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Trade Desk stock cleared that benchmark Tuesday, with a jump from 79 to 84 Tuesday.
This proprietary rating identifies technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating of above 80 as they begin their biggest climbs.
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Is Trade Desk Stock A Buy?
Trade Desk stock had a failed attempt to clear a consolidation in mid February from a 91.85 entry point. The stock pulled back slightly but is now approaching the buying range once again. See if the stock clears the consolidation for the second time on above average volume to ignite a new run.
The cloud-based digital advertising platform company posted 8% EPS growth in the latest quarterly report, while sales growth came in at 23%.
Trade Desk stock earns the No. 1 rank among its peers in the Commercial Services-Advertising industry group. Viant Technology and PubMatic are also among the group's highest-rated stocks.
