Credit: Shutterstock photoOn Wednesday, Stamps.com ( STMP ) reached an important technical milestone, with its Relative Strength ( RS ) Rating moving into the 90-plus percentile with an upgrade to 91, an increase from 88 the day before.
[ibd-display-video id=2102289 width=50 float=left autostart=true] This unique rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the top-performing stocks often have an 80 or better RS Rating in the early stages of their moves.
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The IBD 50 stock is trying to complete a cup without handle with a 233.22 buy point . See if the stock can break out in volume at least 40% higher than normal.
Earnings growth picked up last quarter from 61% to 73%. But revenue gains fell from 38% to 24%.
Stamps.com holds the No. 4 rank among its peers in the Retail-Internet industry group. Alibaba ( BABA ) is the No. 1-ranked stock within the group.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
