One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Coupang cleared that benchmark Thursday, with a jump from 76 to 81 Thursday.
This exclusive rating from Investor's Business Daily tracks price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History shows that the best-performing stocks often have an RS Rating of above 80 in the early stages of their moves.
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Coupang is not currently offering a proper buying opportunity. See if the stock goes on to form a promising consolidation that could kick off a new climb.
The company reported -50% EPS growth in its most recent report. Revenue rose 21%.
Coupang holds the No. 12 rank among its peers in the Retail-Internet industry group. Liquidity Services, PDD Holdings ADR and Sea 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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