Trade Desk had its Relative Strength (RS) Rating upgraded from 66 to 71 Tuesday -- a welcome improvement, but still short of the 80 or better score you look for.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This unique rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matched up against all other stocks.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves. See if Trade Desk can continue to rebound and clear that threshold.
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While the stock is not near an ideal buying range right now, see if it is able to form and break out from a proper consolidation as it continues to move in a positive direction. It is getting close to clearing key moving averages on a MarketSmith chart.
Earnings News
Trade Desk showed 11% EPS growth in its most recent report, while sales growth came in at 35%.
Trade Desk earns the No. 1 rank among its peers in the Commercial Services-Advertising industry group.
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