When looking for the best stocks to buy and watch, focus on those with rising relative price strength.
One stock that fits that bill is Aflac stock, which had its Relative Strength (RS) Rating upgraded from 72 to 85 Friday.
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 technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the market's biggest winners tend to have an 80 or better RS Rating as they begin their biggest price moves.
Looking For Winning Stocks? Try This Simple Routine
Is Aflac Stock A Buy?
Aflac stock is working on a consolidation with a 74.11 buy point. See if the stock can clear the breakout price in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
While the company's bottom line growth dropped last quarter from 9% to 8%, revenue rose -7%, up from -26% in the prior report.
Aflac holds the No. 2 rank among its peers in the Insurance-Accident & Healthcare industry group. Aflac and CNO Financial Group are also among the group's highest-rated stocks.
