In a welcome move, Pinterest saw its Relative Strength Rating rise from 69 to 72 on Monday.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an 80 or better RS Rating as they begin their biggest runs. See if Pinterest can continue to show renewed price strength and hit that benchmark.
See How IBD Helps You Make More Money In Stocks
While it's not currently an ideal time to invest, see if the stock goes on to establish and enter a buying range in heavy volume.
In terms of fundamentals, the company has posted three quarters of accelerating earnings growth. Sales growth has also risen over the same time frame. Pinterest is expected to release its next quarterly numbers on or around Oct. 30.
Pinterest earns the No. 4 rank among its peers in the Internet-Content industry group. Alphabet Cl C and Alphabet Cl A are also among the group's highest-rated stocks.
