When building your watch list, look for stocks with an 80 or higher RS Rating. Chewy just met that criteria with a new score of 87.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Decades of market research shows that the best stocks typically have an RS Rating north of 80 as they begin their biggest runs.
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While Chewy is not near a proper entry right now, see if it manages to form and break out of a proper base.
Chewy posted -56% EPS growth last quarter, while sales growth came in at 14%. Look for the next report on or around Sep. 1.
Chewy earns the No. 15 rank among its peers in the Retail-Internet industry group. JD.com and Pinduoduo are also among the group's highest-rated stocks.
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