On Monday, Amazon.com got an upgrade to its Relative Strength (RS) Rating, from 86 to 93. The stock has moved higher after earnings for Q3 were reported last week.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength. IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an 80 or higher RS Rating as they begin their biggest runs.
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Amazon.com is building a consolidation with a 145.86 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
AMZN Earnings
Earnings grew 236% last quarter, up from 0% in the prior report. Revenue also increased, from 11% to 13%.
Amazon.com holds the No. 7 rank among its peers in the Retail-Internet industry group. Liquidity Services, PDD Holdings ADR and MercadoLibre are among the top 5 highly rated stocks within the group.
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