Amazon.com stock saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an increase from 67 to 85.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best stocks typically have an RS Rating north of 80 as they begin their biggest runs.
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Is Amazon.com Stock A Buy?
The online retailer has been trading below its 200-day moving average. While Amazon.com is not near an ideal buy zone right now, see if it manages to form and break out from a proper consolidation. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The company showed -126% earnings growth in the latest quarterly report. Sales rose 7%.
Amazon.com stock holds the No. 1 rank among its peers in the Retail-Internet industry group.
