MercadoLibre saw an improvement in its IBD SmartSelect Composite Rating Tuesday, from 93 to 98.
The new rating is a sign the stock is outpacing 98% of all stocks when it comes to the most important stock-picking criteria.
MercadoLibre is trading within a buy range from a 1,095.44 entry from a consolidation.
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One weak spot is the company's 72 EPS Rating, which tracks quarterly and annual earnings-per-share growth. Look for that to improve to 80 or better to show it's in the top 20% of all stocks.
Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.
The company posted a 33% earnings-per-share gain for Q3. Revenue growth came in at 45%, down from 52% in the previous quarter. The company's next quarterly report is expected on or around Feb. 22, according to the MarketSmith chart.
MercadoLibre holds the No. 2 rank among its peers in the Retail-Internet industry group. PDD Holdings ADR is the No. 1-ranked stock within the group.
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