Chewy stock had its Relative Strength (RS) Rating upgraded from 64 to 75 Wednesday -- a welcome improvement, but still below 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.
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 performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks typically have an RS Rating of at least 80 as they begin their biggest climbs. See if Chewy stock can continue to rebound and hit that benchmark.
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Is Chewy Stock A Buy?
Chewy stock retook its 200-day moving line this week. While pet e-commerce stock is not near a proper buy point right now, see if it goes on to form and break out of a proper chart pattern.
The online pet retailer saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 25%. Revenue rose from 13% to 15%.
Chewy stock earns the No. 5 rank among its peers in the Retail-Internet industry group. Liquidity Services 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."
