Baidu stock had its Relative Strength (RS) Rating upgraded from 66 to 77 Wednesday -- a welcome improvement, but still below the 80 or better score you prefer to see.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the top-performing stocks typically have an RS Rating of over 80 in the early stages of their moves. See if Baidu stock can continue to show renewed price strength and hit that benchmark.
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Is Baidu Stock A Buy?
Baidu stock is trying to complete a consolidation with a 160.88 buy point. See if the stock can clear the breakout price in heavy trading.Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The Chinese search engine posted 32% earnings growth last quarter, while sales growth came in at 6%.
Baidu stock earns the No. 11 rank among its peers in the Internet-Content industry group. Pinterest and Alphabet Cl C are also among the group's highest-rated stocks.
