Coupang stock had its Relative Strength (RS) Rating upgraded from 62 to 72 Thursday -- a welcome improvement, but still shy of the 80 or better score you look for.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the market's biggest winners typically have an RS Rating of over 80 as they launch their largest climbs. See if Coupang stock can continue to show renewed price strength and clear that threshold.
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Is Coupang Stock A Buy?
Coupang stock has been trading below its 200-day moving average in recent months and is not currently offering a proper buying opportunity. See if the stock goes on to form a chart pattern that could ignite a new run.
The e-commerce firm posted 0% earnings growth in its most recent report. Revenue increased 5%. The company is expected to report its latest results on or around May 10.
Coupang stock holds the No. 6 rank among its peers in the Retail-Internet industry group. Shutterstock and Vipshop Holdings ADR are also among the group's highest-rated stocks. For more industry news, check out "Retail Industry News And Stocks To Watch."
