In a welcome move, Alphabet Cl A saw its Relative Strength Rating rise from 67 to 71 on Friday.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks compares to the rest of the market.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 in the early stages of their moves. See if Alphabet Cl A can continue to show renewed price strength and hit that benchmark.
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Alphabet Cl A is trying to complete a cup without handle with a 191.75 buy point. See if the stock can break out in heavy trading. Be aware 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 climbed substantially..
While EPS growth fell in the company's most recently reported quarter from 35% to 28%, revenue grew 15%, up from 14% in the previous report.
Alphabet Cl A holds the No. 4 rank among its peers in the Internet-Content industry group. Meta Platforms is the top-ranked stock within the group.
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