On Wednesday, Accenture cleared a noteworthy technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 81, up from 77 the day before.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves.
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Accenture stock is not currently near a potential buying area. See if the stock goes on to build a promising consolidation pattern as it tries to regain important moving averages. Current market conditions suggest adding to a watchlist for future potential as the RS Line also needs to change direction.
Earnings In Focus
Top and bottom line growth moved higher last quarter. Earnings were up 20%, compared to 11% in the prior report. Revenue increased from 24% to 27%. The company is expected to report its latest results on or around Mar. 18.
Accenture stock earns the No. 6 rank among its peers in the Computer-Technical Services industry group. Globant and Perficient are also among the group's highest-rated stocks.
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