Trade Desk stock saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an increase from 64 to 72.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks compares to other publicly traded companies.
Over 100 years of market history reveals that the top-performing stocks typically have an RS Rating north of 80 as they begin their biggest price moves. See if Trade Desk can continue to rebound and clear that threshold.
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Is Trade Desk Stock A Buy?
Trade Desk stock has been trading below its 50- and 200-day moving averages. While the stock is not near a proper entry right now, see if it goes on to form and break out from a proper chart pattern.
The digital advertising company showed 11% earnings growth in its most recent report, while sales growth came in at 35%. Look for the next report on or around Nov. 8.
Trade Desk stock earns the No. 2 rank among its peers in the Commercial Services-Advertising industry group. Omnicom and Viad are also among the group's highest-rated stocks.
