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.


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 is not currently near a potential buy zone. See if the stock goes on to form a base that could ignite a new run.

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.


Retail Industry News And Stocks To Watch

Which Stocks Are Showing Rising Relative Strength?

Why Should You Use IBD’s Relative Strength Rating?

How Relative Strength Line Can Help You Judge A Stock

Evaluate Any Stock With Stock Ratings, IBD Charts And Stock Checkup

Most Related Links :
reporterwings Governmental News Finance News

Source link

Back to top button