Bilibili (BILI) had its Relative Strength (RS) Rating upgraded from 88 to 91 Monday. The streaming video content provider appeals to the young generation in China, similar to YouTube. Check out “Five Best Chinese Stocks To Buy And Watch Now.”
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD’s unique RS Rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock’s price action over the trailing 52 weeks matches up against all other stocks in our database.
Decades of market research shows that the top-performing stocks tend to have an RS Rating north of 80 as they launch their largest runs.
Bilibili stock has risen more than 5% past a 54.10 entry in a fourth-stage consolidation, meaning it’s now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips
The Chinese company reported -45% EPS growth last quarter. Sales increased 82%.
Bilibili stock earns the No. 35 rank among its peers in the Internet-Content industry group. Facebook (FB), Alphabet (GOOG) and Alphabet (GOOGL) are among the top 5 highly rated stocks within the group.
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