Pinterest stock saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 78 to 83.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an RS Rating of above 80 as they begin their biggest price moves.
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Is Pinterest Stock A Buy?
Pinterest stock broke out of a consolidation last week, but has quickly pulled back. While now is not an ideal time to jump into this social media stock, see if the Pinterest stock goes on to form a base and break out.
Earnings grew -20% last quarter, up from -41% in the prior report. Revenue also increased, from 4% to 5%. Look for the next report on or around Aug. 1.
Pinterest stock earns the No. 16 rank among its peers in the Internet-Content industry group. Opera ADR and Weave Communications are also among the group's highest-rated stocks.
