eBay stock had its Relative Strength (RS) Rating upgraded from 61 to 72 Wednesday -- a welcome improvement, but still short of the 80 or better score you prefer to see.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating measures share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the market's biggest winners often have an 80 or higher RS Rating in the early stages of their moves. See if eBay stock can continue to rebound and hit that benchmark.
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Is eBay Stock A Buy?
Now is not an ideal time to jump in since it isn't near a proper buy zone and the stock market outlook is under pressure, but see if the stock manages to offer and clear a proper buy point. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Top and bottom line growth moved higher last quarter. Earnings were up 11%, compared to 0% in the prior report. Revenue increased from -9% to -5%. The company is expected to report its latest earnings and sales numbers on or around Feb. 22.
eBay stock holds the No. 6 rank among its peers in the Retail-Internet industry group. MercadoLibre and Shutterstock are also among the group's highest-rated stocks. For more industry news, check out "Retail Industry News And Stocks To Watch."
