Banking

Trade Desk Stock Clears Key Benchmark, Hitting 80-Plus RS Rating

On Wednesday, Trade Desk (TTD) got a positive adjustment to its Relative Strength (RS) Rating, from 80 to 83.

When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.

IBD’s proprietary rating tracks share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price performance over the trailing 52 weeks compares to 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 80 or higher RS Rating in the early stages of their moves.


See How IBD Helps You Make More Money In Stocks


Trade Desk stock is etching the right-side of a sloppy cup-shaped base. While the stock is not near a proper buy point right now, see if it goes on to form and break out from a proper base. 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 digital advertiser reported 0% earnings growth last quarter. Sales gains came in at 37%. Look for the next report on or around Aug. 6.

Trade Desk stock holds the No. 1 rank among its peers in the Commercial Services-Advertising industry group.

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