Investor

Amazon.com stock sees relative strength rating rise to 85

Amazon.co.uk (AMZN) the stock saw a welcome improvement in its Relative Strength Rating (RS) on Friday, with an increase from 67 to 85.

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

This proprietary rating from Investor’s Business Daily tracks market leadership with a score from 1 (worst) to 99 (best). The rating shows how a stock’s price movement over the past 52 weeks compares to all other stocks in our database.

Decades of market research shows that the best stocks typically have an RS rating north of 80 when they start their biggest runs.


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Is Amazon.com Stock a Buy?

The online retailer is trading below its 200-day moving average. Although Amazon.com is not close to a sweet spot at the moment, see if it manages to form and break out of a proper consolidation. Lily “Looking for the next big winners in the stock market? Start with these 3 steps” for more advice.

The company posted profit growth of -126% in the latest quarterly report. Sales increased by 7%.

Amazon.com stock ranks first among its peers in the retail Internet industry group.

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