On Friday, Pinduoduo got an upgrade to its Relative Strength (RS) Rating, to 90. Last week it first broke the 80 threshold.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This unique rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against all other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves.
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Pinduoduo stock is not currently offering a proper buying opportunity. It is starting to trend up after a long downtrend. See if the stock continues this move and build's a base that could spark a new run.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 304%, compared to 0% in the prior report. Revenue increased from 5% to 11%.
The company holds the No. 1 rank among its peers in the Retail-Internet industry group. JD.com and Vipshop are also among the group's highest-rated stocks.
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