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Value Online Retailer Overstock.com Stock Flashes Renewed Technical Strength

Overstock.com (OSTK) had its Relative Strength (RS) Rating upgraded from 79 to 82 Tuesday.




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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 technical performance 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 that of all other stocks.

Over 100 years of market history reveals that the market’s biggest winners often have an RS Rating of at least 80 in the early stages of their moves.


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Overstock.com stock has been trading in wide and shallow consolidation is now considered extended and out of buy range. See if the stock forms a new pattern or follow-on buying opportunity 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. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

 

The value online retailer stock saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 0% to 264%. Revenue rose from 84% to 94%. Look for the next report on or around Jul. 30.

Overstock.com holds the No. 7 rank among its peers in the Retail-Internet industry group. Live Ventures (LIVE) and Ebay (EBAY) 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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