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Chinese IPO Zhihu Stock Shows Improved Technical Strength

On Monday, Zhihu (ZH) received a positive adjustment to its Relative Strength (RS) Rating, from 66 to 72. The questions and answer website debut on Mar. 26.




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As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s unique RS Rating measures technical performance by showing how a stock’s price action over the last 52 weeks compares to that of the other stocks in our database.

Decades of market research shows that the market’s biggest winners typically have an RS Rating north of 80 as they begin their biggest runs. See if Zhihu can continue to rebound and clear that threshold.


Looking For The Best Stocks To Buy And Watch? Start Here


The Chinese IPO has formed a cup-shaped base since its debut on Mar. 26. Now is not an ideal time to jump in since it isn’t near a proper buy zone, but see if the stock manages to offer and clear an appropriate buy point. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

 

Earnings growth slowed last quarter from 0% to -20%. But revenue moved higher, from 147% to 175%. The company is expected to report its latest performance numbers on or around Jul. 28.

The company earns the No. 19 rank among its peers in the Internet-Content industry group. Alphabet (GOOG) and Alphabet (GOOGL) are also among the group’s highest-rated stocks.

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