On Thursday, Groupon earned a positive adjustment to its Relative Strength (RS) Rating, from 74 to 81.
This proprietary rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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Groupon broke out earlier, but has fallen back below the prior 13.19 entry from a consolidation. If a stock you're tracking clears a buy point then falls 7% or more below the original entry price, it's considered a failed base. Wait for the stock to set up and breakout from a new base and entry price. Also understand that the latest pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
The company posted 0% EPS growth last quarter, while sales growth came in at -9%. Keep an eye out for the company's next round of numbers on or around Feb. 20.
Groupon earns the No. 19 rank among its peers in the Retail-Internet industry group. DoorDash, Liquidity Services and MercadoLibre are among the top 5 highly rated stocks within the group.
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