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Investors Business Daily
Investors Business Daily
Business
INVESTOR'S BUSINESS DAILY and JULIE MAK

Trade Desk Stock Becomes The One To Watch With RS Rating Upgrade

On Monday, Trade Desk stock received a positive adjustment to its Relative Strength (RS) Rating, from 66 to 77. Cathie Woods and her team at Ark Invest continues to add the advertising technology firm to their holdings.

As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD's unique RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.

Decades of market research reveals that the market's biggest winners often have an 80 or better RS Rating as they launch their largest price moves. See if Trade Desk stock can continue to rebound and clear that threshold.

Looking For Winning Stocks? Try This Simple Routine

Is Trade Desk Stock A Buy?

Trade Desk stock is trying to complete a consolidation with a 91.85 entry. The stock is converging tightly along several key moving average. See if it can clear the breakout price in heavy trading.

While earnings growth fell in the company's most recently reported quarter from 40% to 27%, revenue rose 25%, up from 23% in the prior report.

Trade Desk stock earns the No. 1 rank among its peers in the Commercial Services-Advertising industry group.

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