Social Media Giant Facebook Stock Earns 81 RS Rating; Hits New High

The Relative Strength (RS) Rating for Facebook (FB) jumped into a new percentile Friday, with a rise from 78 to 81. The social media stock gapped up Friday, hitting a fresh 52-week high of 375.33, as fellow Snapchat (SNAP) reported stellar earnings results.

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 measures share price action with a 1 (worst) to 99 (best) score. The score 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 reveals that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 as they launch their biggest price moves.

Looking For The Best Stocks To Buy And Watch? Start Here

Facebook, which is on the IBD Big Cap 20 list, is now considered extended and out of buy range after clearing a 304.77 buy point in a second-stage consolidation. 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. Check out “These Are The 5 Best Stocks To Buy And Watch Now.”

In terms of fundamental health, the company has posted rising EPS growth over the last two quarters. Sales gains have also increased during the same period. The company is expected to report its next quarterly numbers on or around Jul. 30.

Facebook stock earns the No. 1 rank among its peers in the Internet-Content industry group. Check out “FANG Stocks News: Facebook, Amazon, Netflix, Google.”


MarketSmith’s Tools Can Help The Individual Investor

IBD Live: A New Tool For Daily Stock Market Analysis

Profit From Short-Term Trends With SwingTrader

How To Research Growth Stocks: Why This IBD Tool Simplifies The Search For Top Stocks