Pets online retailer Chewy stock had its Relative Strength (RS) Rating upgraded from 82 to 92 Thursday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This proprietary rating measures 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.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 at the beginning of a new run.
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Is Chewy Stock A Buy?
Chewy stock is building a cup with handle with a 45.83 buy point. See if it can break out in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
While sales growth fell last quarter from 14% to 13%, earnings-per-share grew 0%, up from -56% in the previous report. Keep an eye out for the company's next round of numbers on or around Dec. 8.
Chewy stock earns the No. 7 rank among its peers in the Retail-Internet industry group. Pinduoduo ADR, Vipshop Holdings ADR and Etsy are among the top 5 highly rated stocks within the group. For more industry news, check out "Retail Industry News And Stocks To Watch."
