The Relative Strength (RS) Rating for Trade Desk stock jumped into a new percentile Wednesday, with a rise from 78 to 84.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against the rest of the market.
History shows that the best stocks typically have an RS Rating of over 80 as they begin their biggest runs.
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Is Trade Desk Stock A Buy?
Trade Desk stock is building a consolidation with a 94.00 entry. See if digital advertising stock can break out in heavy trading. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The cloud-based digital advertising company showed 8% EPS growth last quarter. Revenue increased 23%. Look for the next report on or around May 9.
Trade Desk stock earns the No. 1 rank among its peers in the Commercial Services-Advertising industry group. PubMatic and Viad Corp are also among the group's highest-rated stocks.
