Amazon.com Stock Shows Improving Relative Price Performance – Investor's Business Daily

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The Relative Strength (RS) Rating for Amazon.com (AMZN) headed into a higher percentile Friday, as it got a lift from 63 to 72.

When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock’s price action over the trailing 52 weeks compares to other publicly traded companies.

Decades of market research shows that the best stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Amazon.com can continue to rebound and hit that benchmark.


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Amazon.com stock is trying to complete a cup without handle with a 3,773.18 buy point. See if it can clear the breakout price in heavy volume. Also note that the RS line has been moving higher, although still far from highs.

The company showed -51% earnings growth last quarter, while sales growth came in at 15%.

Amazon.com stock holds the No. 4 rank among its peers in the Retail-Internet industry group. Etsy (ETSY) and Ebay (EBAY) are also among the group’s highest-rated stocks.

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This post was originally published on *this site*