On Wednesday, Wayfair stock earned a positive adjustment to its Relative Strength (RS) Rating, from 77 to 87.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's proprietary rating identifies price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the top-performing stocks often have an 80 or better RS Rating as they begin their biggest runs.
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Is Wayfair Stock A Buy?
Wayfair stock is currently working through a right side of a consolidation. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the e-commerce stock manages to establish and enter a buying range in heavy trade.
The home furnishing e-commerce firm posted 0% earnings growth in its most recent report. Sales increased -7%.
Wayfair stock earns the No. 25 rank among its peers in the Retail-Internet industry group. Liquidity Services and Vipshop Holdings ADR are also among the group's highest-rated stocks. For more industry news, check out "Retail Industry News And Stocks To Watch."
