When looking for the best stocks to buy and watch, focus on those with rising relative price strength.
One stock that fits that bill is PDD Holdings stock , which had its Relative Strength (RS) Rating upgraded from 78 to 85 Friday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the best stocks often have an RS Rating of over 80 in the early stages of their moves.
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Is PDD Holdings Stock A Buy?
PDD Holdings stock recently dipped below its 200-day moving average and while the Chinese ADR stock is not near an ideal buy zone right now, see if it is able to form and break out from a proper base.
The Chinese online retailer reported 30% earnings growth in its most recent report. Revenue rose 35%.
PDD Holdings stock holds the No. 4 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."
