The company reported 2nd Quarter June 2021 earnings of $0.72 per share on revenue of $528.9 million. Earnings estimates averaged $0.63 per share on revenue of $523.6 million. Revenue grew 23.4% on a year-over-year basis. – IBD
This measure is one factor, in addition to sales and earnings growth, that we watch when considering the best stocks to buy, This rating measures technical performance by using a scale from 1 (worst) to 99 (best). The resulting score indicates how a stock’s price action matches up against that of all other stocks over a trailing 52 week period.
History shows that the top-performing stocks tend to have an RS Rating of above 80 as they launch their biggest price moves.
Etsy Added to Watchlist
Etsy is trending above the stacked 9/21/50d moving averages and showing signs of breaking out of its 8-week consolidation. Volume surged to 2 x normal on the Thursday thrust above recent pivot highs.
MACD crossed late last week, remaining above its bullish signal line, while RSI suggests the trend is strong (>64.53) with room to run (MACD/RSI not shown). Click to enlarge chart.
We’re looking forward to higher prices in Etsy, Inc. into the Fall. We have a small position in shares and will use trailing stops, acknowledging the stock has a (ATR) of 8.39pts. The “average true range” is expanding, so it wouldnt be surprising to see this measure rise to about 10 (+/-) as traders start to notice the break out.