On Wednesday, Wayfair stock reached an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 83, up from 78 the day before.
This exclusive rating from Investor's Business Daily measures price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an 80 or higher RS Rating as they begin their biggest climbs.
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Is Wayfair Stock A Buy?
Wayfair stock is trying to clear a cup with handle pattern with 66.25 entry point. It's currently trading within the buying range, but lacks above average volume.
The home furnishing retailer reported 0% EPS growth in its most recent report. Revenue increased 0%.
Wayfair stock earns the No. 16 rank among its peers in the Retail-Internet industry group. PDD Holdings ADR, Amazon.com 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."
