The Relative Strength (RS) Rating for Amazon.com entered a new percentile Wednesday, with an increase from 77 to 81.
IBD's proprietary rating identifies price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History shows that the best stocks often have an 80 or better RS Rating in the early stages of their moves.
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Amazon.com is trading within a buy range after climbing above a 201.20 buy point in a consolidation. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity.
Earnings-per-share growth dropped in the company's most recent report from 94% to 52%, but sales rose from 10% to 11%.
The company holds the No. 6 rank among its peers in the Retail-Internet industry group. MercadoLibre, Fiverr International and Liquidity Services are among the top 5 highly rated stocks within the group.
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