The Relative Strength (RS) Rating for Alphabet Cl A jumped into a higher percentile Wednesday, as it got a lift from 68 to 73.
IBD's unique RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
History shows that the best-performing stocks often have an RS Rating of over 80 in the early stages of their moves. See if Alphabet Cl A can continue to rebound and clear that threshold.
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Alphabet Cl A is working on a cup without handle with a 191.75 entry. See if it can clear the breakout price in volume at least 40% above average. It's a later-stage pattern, and investors should be aware that those involve more risk.
Earnings-per-share growth declined last quarter from 35% to 28%, but the top line rose from 14% to 15%.
The company earns the No. 4 rank among its peers in the Internet-Content industry group. CarGurus Cl A is the top-ranked stock within the group.
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