In a welcome move, Pinterest stock saw its Relative Strength Rating rise from 69 to 77 on Friday.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the market's biggest winners tend to have an 80 or better RS Rating in the early stages of their moves. See if Pinterest can continue to rebound and hit that benchmark.
See How IBD Helps You Make More Money In Stocks
Is Pinterest Stock A Buy?
Pinterest stock has been rallying the past three months and trading slightly above its 50- and 200-day moving averages, a good sign. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to offer and clear a proper buy point.
The social media company reported -56% EPS growth in its most recent report, while sales growth came in at 9%. The company is expected to report its latest earnings and sales numbers on or around Nov. 4.
Pinterest stock earns the No. 13 rank among its peers in the Internet-Content industry group. Twitter and Liberty Tripadvisor are also among the group's highest-rated stocks.
