Pinterest (PINS) Upgraded to 75 RS Rating: Insights on Stock Performance and Follow-on Opportunities

Pinterest Stock Shows Stronger Relative Strength But Still Lags Benchmark

Pinterest (PINS) stock was upgraded from a relative strength (RS) rating of 67 to 75 on Tuesday. This unique rating by IBD tracks market leadership on a scale of 1 (worst) to 99 (best) by comparing a stock’s price performance over the past 52 weeks to other stocks in the database. The company is expected to announce its latest performance figures around April 25, and research has shown that the best-performing stocks usually have an RS rating over 80 in the early stages of their upward momentum.

Currently, Pinterest is considered extended and has moved out of the buy range after hitting a buy point of 28.90 in a first-stage double bottom pattern in October. Investors should watch for signs of a new pattern or follow-on buying opportunities, such as a three-weeks tight formation or a pullback to the 50-day or 10-week moving average. Although earnings growth has slowed from 155% to 83% in the last quarter, revenue has increased from 11% to

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