Banking

Alphabet Gets RS Rating Upgrade As Discussed On IBD Live Today

The Relative Strength (RS) Rating for Alphabet (GOOGL) moved up into a higher percentile Monday, as it got a lift from 69 to 72.




X



When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s unique rating tracks share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price performance over the last 52 weeks compares to all the other stocks in our database.

History shows that the top-performing stocks tend to have an 80 or higher RS Rating as they begin their largest runs. See if Alphabet can continue to rebound and clear that threshold.


Looking For Winning Stocks? Try This Simple Routine


The IBD 50 stock has risen more than 5% past a 1,843.93 entry in a second-stage flat base, meaning it’s now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.

In terms of top and bottom line numbers, the company has posted rising EPS growth in each of the last two reports. Sales growth has also increased during the same period.

Alphabet holds the No. 3 rank among its peers in the Internet-Content industry group. TencentMusicEntGrp (TME) and Alphabet (GOOG) are also among the group’s highest-rated stocks.

YOU MIGHT ALSO LIKE:

Join IBD Live And Learn Top Chart-Reading And Trading Techniques From The Pros
MarketSmith’s Tools Can Help The Individual Investor
Profit From Short-Term Trends With SwingTrader
Get Timely Buy & Sell Alerts With IBD Leaderboard
How To Make Money In Stocks In 3 Simple Steps

 

Most Related Links :
usanewswall Governmental News Finance News

Source link

Back to top button