The Relative Strength (RS) Rating for MercadoLibre moved into a higher percentile Thursday, as it got a lift from 63 to 71.
This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matched up against all other stocks.
History reveals that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves. See if MercadoLibre can continue to show renewed price strength and hit that benchmark.
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MercadoLibre is working on a consolidation with a 2,161.73 entry. See if it can break out in volume at least 40% higher than normal.
The company posted 9% EPS growth in the latest quarterly report, while sales growth came in at 35%.
The company holds the No. 2 rank among its peers in the Retail-Internet industry group. MercadoLibre is the No. 1-ranked stock within the group.
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