DoorDash stock saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 62 to 78.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their largest runs. See if DoorDash stock can continue to rebound and hit that benchmark.
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Is DoorDash Stock A Buy?
DoorDash stock is working on a cup with handle with a 65.24 buy point. See if it can break out in volume at least 40% higher than normal.
The app-based food delivery service firm showed 0% EPS growth in the latest quarterly report, while sales growth came in at 40%. The next quarterly numbers are expected on or around May 4.
DoorDash stock holds the No. 16 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."
