A Relative strength rating of 80 or more is a good metric. The Pinterest (PINS), stock has now cleared that threshold with a rise from 74 up to 83 on Thursday.
Pay attention to the relative strength of prices when choosing stocks to watch and buy.
IBD's unique market rating is based on a score ranging from 1 (worst to 99) for the best. The score compares the price movements of stocks over the past 52 weeks to all other stocks in the database.
The best performing stocks have an RS rating of 80 or more in the initial stages of their movements.
Does Pinterest Stock Make Sense to Buy?
Pinterest stock is attempting to consolidate with a 29,27 entry. Check if there is a large volume of shares that can cause the stock to break out.
The top and bottom lines grew last quarter. Earnings increased by -20% compared to the previous report. Revenue grew from 4% up to 5%. Social media platform will report latest results around July. 27.
Pinterest's stock ranks No. 19 among its peers in the Internet-Content industry group. Pinterest stock is ranked No. 19 among peers in the Internet Content industry group. LegalZoom.com and Weave Communications are also rated among the highest-rated stocks in this group.