The Relative Strength (RS) Rating for PDD Holdings ADR entered a new percentile Thursday, with a rise from 74 to 85.
This unique rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the top-performing stocks typically have an 80 or better RS Rating in the early stages of their moves.
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The stock, which is on both the IBD 50 and IBD 50 screens, is not currently near a potential buying area. See if the stock goes on to build a promising consolidation that could launch a new move.
PDD Holdings ADR reported 67% earnings growth last quarter. Sales increased 50%. The company is expected to report its latest results on or around Mar. 12.
PDD Holdings ADR holds the No. 4 rank among its peers in the Retail-Internet industry group. DoorDash is the No. 1-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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