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Chinese E-Commerce Giant Pinduoduo Meets 80-Plus Relative Strength Rating Benchmark

On Friday, Pinduoduo (PDD) got an upgrade to its Relative Strength (RS) Rating, from 73 to 81.

The Chinese online shopping site is one of China’s most popular e-commerce site, competing with bigwigs Alibaba (BABA) and JD.com (JD). For more news on China’s fine against large e-commerce firms, check out “China Fines Alibaba $2.8 Billion, But BABA Stock Jumps; JD.com, Pinduoduo, Tencent Fall.”

 




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock’s price action over the last 52 weeks matches up against the rest of the market.

Over 100 years of market history shows that the best stocks typically have an RS Rating north of 80 in the early stages of their moves.


Looking For Winning Stocks? Try This Simple Routine


Pinduoduo stock is hanging out at the bottom of a consolidation and is not currently near a potential buy zone. See if the stock goes on to form a base that could ignite a new run. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.

 

Top and bottom line growth moved higher last quarter. Earnings were up 80%, compared to 0% in the prior report. Revenue increased from 99% to 162%. Keep an eye out for the company’s next round of numbers on or around May 22.

Pinduoduo holds the No. 14 rank among its peers in the Retail-Internet industry group. Etsy (ETSY) and Live Ventures (LIVE) are also among the group’s highest-rated stocks.

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