Coupang stock saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 67 to 80.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest climbs.
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Is Coupang Stock A Buy?
Coupang stock has been trading tightly along the 50- and 200-day moving average. While it's not currently an ideal time to buy shares, see if the e-commerce stock goes on to offer and clear a proper buy point.
The e-commerce firm reported 0% earnings growth in its most recent report. Sales rose 13%.
Coupang stock earns the No. 2 rank among its peers in the Retail-Internet industry group. Coupang and Liquidity Services are also among the group's highest-rated stocks. For more industry news, check out "Retail Industry News And Stocks To Watch."
