One important metric to look for in a stock is an 80 or higher Relative Strength Rating. MercadoLibre just hit that mark, with a jump from 79 to 86 Wednesday.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains often have an 80 or higher RS Rating in the early stages of their moves.
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MercadoLibre is working on a cup with handle with a 1,792.05 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
Earnings growth moved up last quarter from 0% to 71%, but revenue fell from 42% to 36%.
MercadoLibre earns the No. 4 rank among its peers in the Retail-Internet industry group. PDD Holdings ADR is the top-ranked stock within the group.
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