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Yandex Stock Flexes Improved RS Rating

On Tuesday, Yandex (YNDX) got an upgrade to its Relative Strength Rating, from 79 to 82, putting it in leadership territory. Is Yandex stock on your radar?




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When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock’s price action over the trailing 52 weeks matches up against that of all other stocks.

History shows that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating in the early stages of their moves. So the 82 RS Rating for Yandex stock is noteworthy.


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Is Yandex Stock A Buy?

Yandex stock has moved more than 5% past a 74.42 entry in a second-stage consolidation, meaning it’s now out of a proper buy zone. Look for the stock to create a new buying opportunity like a three-weeks-tight pattern or a pullback to the 50-day or 10-week line.

While the Russian internet company’s bottom-line growth worsened last quarter from -42% to -50%, sales growth improved by 91%, up from 62% in the prior report.

Yandex stock holds the No. 8 rank among its peers in the Internet-Content industry group. Alphabet (GOOGL) is also among the group’s highest-rated stocks.

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