On Monday, Coupang received an upgrade to its Relative Strength (RS) Rating, from 68 to 71.
IBD's unique RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating of at least 80 in the early stages of their moves. See if Coupang can continue to rebound and clear that threshold.
Can You Really Time The Stock Market?
While it's not currently an ideal time to buy shares, see if the stock goes on to establish and enter a buying range in heavy trade.
The company reported -50% EPS growth in the latest quarterly report, while sales growth came in at 21%.
The company earns the No. 18 rank among its peers in the Retail-Internet industry group. Sea ADR, Liquidity Services and DoorDash are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
RELATED:
Retail Industry News And Stocks To Watch
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
