On Tuesday, Wayfair hit a noteworthy performance benchmark, with its Relative Strength (RS) Rating jumping into the 80-plus percentile with an improvement to 81, up from 67 the day before.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary 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 matches up against that of all other stocks.
Over 100 years of market history reveals that the best stocks often have an RS Rating north of 80 as they launch their biggest runs.
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While Wayfair is not near an ideal entry right now, see if it goes on to form and break out from a proper consolidation. See below for an earnings update.
Earnings Due
The company posted 0% EPS growth in the latest quarterly report. Revenue rose -9%. Keep an eye out for the company's next round of numbers on or around Feb. 23.
Wayfair holds the No. 21 rank among its peers in the Retail-Internet industry group. MercadoLibre and Shutterstock are also among the group's highest-rated stocks.
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