On Friday, Bilibili ADR reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 91, up from 88 the day before.
This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners typically have an 80 or better RS Rating as they launch their largest price moves.
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While now is not an ideal time to invest, see if the stock manages to establish and enter a buying range in heavy trade.
The company showed 0% earnings growth in the latest quarterly report, while sales growth came in at 18%.
Bilibili ADR earns the No. 6 rank among its peers in the Internet-Content industry group. Full Truck Alliance ADR, Kanzhun ADR and Tencent Music Ent ADR are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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