One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Amazon.com now clears that threshold, with a jump from 68 to 83 Monday.
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against that of all other stocks.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves.
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Amazon.com is working on a consolidation with a 201.20 buy point. See if the stock can clear the breakout price in heavy trade.
Earnings growth decreased last quarter from 94% to 52%. But sales moved higher, from 10% to 11%.
Amazon.com earns the No. 4 rank among its peers in the Retail-Internet industry group. MercadoLibre is the top-ranked stock within the group.
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