On Tuesday, the world's most popular search engine company, Alphabet , received an upgrade to its Relative Strength (RS) Rating, from 67 to 76.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the market's biggest winners typically have an RS Rating of above 80 as they begin their biggest price moves. See if Alphabet Cl A can continue to show renewed price strength and hit that benchmark.
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Alphabet stock is currently still in a buy range from a cup with handle pattern after recently breaking out. Volume is trending lower since the most recent earnings report. Ideally you would like higher volume as a stock breaks out.
Earnings Report
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -19% to -11%. Revenue rose from 1% to 3%.
The company earns the No. 3 rank among its peers in the Internet-Content industry group. Meta Platforms and Alphabet Cl C are also among the group's highest-rated stocks.
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