On Friday, Groupon received an upgrade to its Relative Strength (RS) Rating, from 77 to 88.
This proprietary rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of other stocks on the major indexes.
Decades of market research reveals that the best-performing stocks tend to have an RS Rating north of 80 as they begin their biggest climbs.
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Groupon is now considered extended and out of buy range after clearing a 13.19 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Groupon reported 0% earnings growth last quarter. Sales gains came in at -5%.
The company earns the No. 22 rank among its peers in the Retail-Internet industry group. Sea ADR, DoorDash and Liquidity Services 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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