Bilibili stock had its Relative Strength (RS) Rating upgraded from 70 to 84 Wednesday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against the rest of the market.
History reveals that the best stocks often have an 80 or higher RS Rating in the early stages of their moves.
Looking For The Best Stocks To Buy And Watch? Start Here
Is Bilibili Stock A Buy?
Bilibili stock has been rallying and trading above its 200-day moving average the month. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock is able to offer and clear a proper buy point.
The Chinese online content provider showed 0% EPS growth last quarter. Revenue gains came in at 1%.
Bilibili stock holds the No. 14 rank among its peers in the Internet-Content industry group. Autohome ADR and Ziff Davis are also among the group's highest-rated stocks.
