Pinterest stock had its Relative Strength (RS) Rating upgraded from 70 to 73 Monday -- a welcome improvement, but still short of the 80 or higher score you look for.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the best-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if Pinterest stock can continue to show renewed price strength and hit that benchmark.
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Is Pinterest Stock A Buy?
Pinterest stock is building a double bottom with a 28.90 buy point. See if the image posting platform stock can break out in volume at least 40% above average.
In terms of top and bottom line numbers, the image posting platform company has posted three quarters of rising earnings growth. Revenue growth has also increased during the same period.
Pinterest stock earns the No. 4 rank among its peers in the Internet-Content industry group. Alphabet Cl C and Alphabet Cl A are also among the group's highest-rated stocks.
