One important metric to look for in a stock is an 80 or higher Relative Strength Rating. DoorDash stock now clears that threshold, with a jump from 80 to 85 Friday.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an 80 or better RS Rating as they begin their biggest climbs.
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Is DoorDash Stock A Buy?
After hitting a 52-week high of 143.34 on Mar. 27, DoorDash stock has pulled back into a consolidation. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The online food delivery firm showed 0% earnings growth in its most recent report. Sales gains came in at 23%.
DoorDash stock earns the No. 19 rank among its peers in the Retail-Internet industry group. PDD Holdings ADR, Amazon.com and Liquidity Services are among the top 5 highly rated stocks within the group.
