On Monday, Groupon got a positive adjustment to its Relative Strength (RS) Rating, from 88 to 91.
IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against all other stocks in our database.
History reveals that the best-performing stocks tend to have an RS Rating of over 80 in the early stages of their moves.
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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.
The company reported 0% earnings growth last quarter. Revenue rose -5%.
The company earns the No. 22 rank among its peers in the Retail-Internet industry group. Sea ADR, Liquidity Services and DoorDash 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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