PDD Holdings Stock Flashes Renewed Technical Strength

PDD Holdings ADR is upgraded to an IBD Relative Strength Rating of 85, meaning its price performance is rising.

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Apr 19, 2023 • 1 min read

Focus on stocks with rising relative prices when looking for the best stocks you should buy and monitor.

PDD Holdings' (PDD) Relative Strength Rating was upgraded Friday from 78 up to 85.

Relative price strength is a factor to consider when deciding which stocks to purchase and monitor.

This proprietary rating shows market leadership by comparing the price movements of stocks over the past 52 weeks to those of other stocks in our database.

In the early stages, the market's history of more than 100 years shows that the most successful stocks have an RS rating of 80 or higher.

What are the best stocks to buy and watch? Start here

PDD Holdings recently dropped below its 200-day average. While the Chinese ADR is not in an ideal buying zone at this time, watch to see if a solid base can be formed and then broken out of.

In its latest report, the Chinese online retailer reported a 30% increase in earnings. Revenue grew 35%.

PDD Holdings is ranked No.4 among its peers in the Retail-Internet industry group. PDD Holdings stock is ranked No.4 among peers in the Retail/Internet industry group. Vipshop Holdings (VIPS) and Shutterstock ADR (SSTK), are also amongst the highest-rated stocks in this group. Check out "Retail Industry News and Stocks To Watch" for more industry news.

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