Alphabet Cl C saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 68 to 73.
IBD's unique RS Rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 as they begin their biggest climbs. See if Alphabet Cl C can continue to show renewed price strength and hit that benchmark.
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Alphabet Cl C is trying to complete a cup without handle with a 193.31 buy point. See if the stock can break out in heavy trading.
While EPS growth dropped in the company's most recent performance report from 35% to 28%, the top line rose 15%, up from 14% in the prior report.
The company holds the No. 6 rank among its peers in the Internet-Content industry group. CarGurus Cl A, Meta Platforms and Reddit are among the top 5 highly rated stocks within the group.
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