When building your watch list, focus on stocks with an 80 or higher RS Rating. Etsy just cleared that benchmark with an upgrade from 69 to 85.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
Decades of market research shows that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 in the early stages of their moves.
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Etsy has risen more than 5% past a 114.90 entry in a first-stage double bottom, meaning it's now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Earnings Update
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -25% to -6%. Revenue rose from 11% to 12%.
The company earns the No. 3 rank among its peers in the Retail-Internet industry group. Vipshop Holdings ADR is also among the group's highest-rated stocks.
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