Etsy (ETSY) saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 69 to 77.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD’s proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock’s price movement over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the best stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Etsy can continue to show renewed price strength and hit that benchmark.
Looking For Winning Stocks? Try This Simple Routine
Since hitting a 52-week high of 251.86 on Mar. 2, Etsy stock has been consolidating in the past five months. It’s currently trading slightly above its 50- and 200-day moving average, meaning it’s now out of a proper buy zone. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”
The e-commerce company reported -9% earnings growth in its most recent report. Revenue rose 23%.
Etsy stock earns the No. 4 rank among its peers in the Retail-Internet industry group. Liquidity Services (LQDT) and Ebay (EBAY) are also among the group’s highest-rated stocks. For more industry news, check out “Retail Industry News And Stocks To Watch.”
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