On Friday, Alphabet Cl C received a positive adjustment to its Relative Strength (RS) Rating, from 67 to 71.
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the trailing 52 weeks matched up against all other stocks.
History reveals that the top-performing stocks typically have an RS Rating of above 80 as they begin their largest climbs. See if Alphabet Cl C can continue to rebound and clear that threshold.
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Alphabet Cl C is trying to complete a cup without handle with a 193.31 entry. See if the stock can clear the breakout price in heavy volume.
Earnings growth declined in the company's latest report from 35% to 28%, but revenue rose from 14% to 15%.
The company holds the No. 6 rank among its peers in the Internet-Content industry group. Meta Platforms, Opera ADR and Reddit are among the top 5 highly rated stocks within the group.
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