On Wednesday, Bilibili ADR got a positive adjustment to its Relative Strength (RS) Rating, from 80 to 85.
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating of above 80 in the early stages of their moves.
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While the stock is not near a proper buying range right now, see if it manages to form and break out from a proper consolidation.
The company showed 0% earnings growth last quarter. Sales gains came in at 31%. The next quarterly results are expected on or around Feb. 27.
The company holds the No. 17 rank among its peers in the Internet-Content industry group. Meta Platforms, Full Truck Alliance ADR and Alphabet Cl C are among the top 5 highly rated stocks within the group.
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