Amazon.com had its Relative Strength (RS) Rating upgraded from 66 to 80 Tuesday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the market's biggest winners tend to have an RS Rating of at least 80 as they begin their biggest price moves.
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While Amazon.com is not near a proper entry right now, see if it is able to form and break out of a proper chart pattern.
The company showed -126% earnings growth in its most recent report, while sales growth came in at 7%.
The company holds the No. 8 rank among its peers in the Retail-Internet industry group. MercadoLibre and Vipshop are also among the group's highest-rated stocks.
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