One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Vipshop (VIPS) now clears that threshold, with a jump from 69 to 83 Monday. This makes Vipshop stock one to watch.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor’s Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 in the early stages of their moves.
While it’s not currently an ideal time to jump in, see if Vipshop stock goes on to offer and clear a proper buy point.
Top- and bottom-line growth for the Chinese e-commerce company moved higher last quarter. Earnings were up 17%, compared with 11% in the prior report. Revenue increased from -16% to 3%. Look for the next report on or around Nov. 13.
YOU MIGHT ALSO LIKE:
The post Vipshop Stock Earns Rating Upgrade, Making It One To Watch appeared first on Investor’s Business Daily.