Rumble saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 90 to 98.
IBD's unique RS Rating tracks 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.
Over 100 years of market history shows that the top-performing stocks typically have an RS Rating of over 80 at the beginning of a new price run.
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Rumble is now considered extended and out of buy range after clearing an 8.85 buy point in a first-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company reported 0% EPS growth last quarter. Sales rose 39%.
The company holds the No. 19 rank among its peers in the Internet-Content industry group. Full Truck Alliance ADR, Alphabet Cl C and Alphabet Cl A are among the top 5 highly rated stocks within the group.
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