Alphabet saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 76, which it just reached May 9, to 84 today.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating tracks 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 tend to have an RS Rating of at least 80 in the early stages of their moves.
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Alphabet stock has risen more than 5% past a 106.69 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings grew -11% last quarter, up from -19% in the prior report. Revenue also increased, from 1% to 3%.
Alphabet stock holds the No. 5 rank among its peers in the Internet-Content industry group. LegalZoom.com and Meta Platforms are also among the group's highest-rated stocks.
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