Wayfair stock saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an upgrade from 79 to 88.
IBD's proprietary rating tracks share price action with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
History shows that the market's biggest winners typically have an RS Rating north of 80 as they begin their biggest climbs.
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Is Wayfair Stock A Buy?
Wayfair stock is working on a cup-shaped base with a 69.66 buy point. See if the home furnishing online retail stock can break out in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The online home furnishing retailer posted 0% EPS growth last quarter, while sales growth came in at 0%.
Wayfair stock holds the No. 17 rank among its peers in the Retail-Internet industry group. Amazon.com, Coupang and DoorDash are among the top 5 highly rated stocks within the group. For more industry news, check out "Retail Industry News And Stocks To Watch."
