One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Alphabet Cl C now clears that threshold, with a jump from 75 to 82 Wednesday.
IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an RS Rating north of 80 as they launch their biggest price moves.
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Alphabet Cl C is now considered extended and out of buy range after clearing a 184.03 buy point in a second-stage cup with handle. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
While earnings growth fell in the company's most recently reported quarter from 35% to 28%, the top line grew 15%, up from 14% in the prior report.
Alphabet Cl C holds the No. 3 rank among its peers in the Internet-Content industry group. Full Truck Alliance ADR is the No. 1-ranked stock within the group.
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