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Online Marketplace Etsy Stock Earns RS Rating Upgrade

Etsy (ETSY) had its Relative Strength (RS) Rating upgraded from 61 to 75 Tuesday — a welcome improvement, but still below the 80 or higher score you look for. The online retailer bolster its e-commerce presence by acquiring Brazil-based Elo7, a online marketplace for handmade items.




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor’s Business Daily measures share price action with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.

Decades of market research shows that the market’s biggest winners typically have an RS Rating north of 80 in the early stages of their moves. See if Etsy can continue to show renewed price strength and clear that threshold.


See How IBD Helps You Make More Money In Stocks


After hitting a 52-week high of 251.86 on Mar. 2, Etsy stock has pulled back in a consolidation. It’s currently building the right side of a cup without handle base. It’s out of a proper buy range and not ideal time to add the stock. See if the stock forms a new chart pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

 

The New York-based e-commerce firm saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 332% to 900%. Revenue rose from 129% to 141%.

Etsy stock earns the No. 3 rank among its peers in the Retail-Internet industry group. Shutterstock (SSTK) and Etsy (ETSY) are also among the group’s highest-rated stocks. For more industry news, check out “Retail Industry News And Stocks To Watch.”

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