On Wednesday, Chewy got a positive adjustment to its Relative Strength (RS) Rating, from 80 to 85.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating tracks technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research reveals that the market's biggest winners typically have an RS Rating of at least 80 in the early stages of their moves.
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Chewy is building a cup with handle with a 48.11 buy point. It opened lower today, but bounced off its 21-day moving average and is currently in positive territory. See if the stock can clear the breakout price in volume at least 40% above average.
Chewy Stock posted 0% EPS growth in the latest quarterly report, while sales growth came in at 14%.
Chewy Stock earns the No. 8 rank among its peers in the Retail-Internet industry group. JD.com ADR and MercadoLibre are also among the group's highest-rated stocks.
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