Stocks Flashing Renewed Technical Strength: Groupon

Stocks Flashing Renewed Technical Strength: Groupon
INVESTOR'S BUSINESS DAILY and JULIE MAK
·1 min read

Groupon saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, rising from 79 to 91. The e-commerce stock broke out of a cup-with-handle base last Friday on strong Q4 earnings report, rising almost 50% from its buy point. Groupon has moved more than 5% past a 39.69 entry in a first-stage cup with handle, meaning it's now out of a proper buy range.