Credit: Shutterstock photoOn Friday, Twitter ( TWTR ) reached an important technical milestone, with its Relative Strength ( RS ) Rating entering into the 90-plus percentile with an improvement to 91, up from 87 the day before.
[ibd-display-video id=2881825 width=50 float=left autostart=true] This proprietary rating measures market leadership 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 best-performing stocks typically have an RS Rating north of 80 as they begin their largest runs.
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Twitter is still within a buy zone after moving past a 22.58 entry in a cup with handle . The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it's best to hold off investing and wait for it to set up another buying opportunity..
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 11%. Revenue rose from -5% to -4%.
The company earns the No. 10 rank among its peers in the Internet-Content industry group. Autohome ( ATHM ), Facebook ( FB ) and Grubhub ( GRUB ) are among the top 5 highly rated stocks 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.
