One important metric to look for in a stock is an 80 or higher Relative Strength Rating. PDD Holdings ADR stock now clears that threshold, with a jump from 78 to 87 Tuesday.
This unique rating tracks technical performance 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 market's biggest winners typically have an 80 or higher RS Rating in the early stages of their moves.
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Is PDD Holdings Stock A Buy?
PDD Holdings stock is building a double bottom pattern with a 139.06 entry. See if the Chinese online retail stock can break out in heavy trading. Note that it's a third-stage base. Later-stage patterns can work, but have a higher failure rate since, by that point, the stock has already risen significantly..
Earnings grew 31% last quarter, up from 27% in the prior report. Revenue also increased, from 54% to 89%. Keep an eye out for the company's next round of numbers on or around Mar. 20.
PDD Holdings stock earns the No. 1 rank among its peers in the Retail-Internet industry group. PDD Holdings and DoorDash are also among the group's highest-rated stocks. For more industry news, check out "Retail Industry News And Stocks To Watch."
