On Monday, before the open, Altria got an upgrade to its Relative Strength (RS) Rating, from 73 to 81. It may have a difficult time holding that number, however, as the market opening lower today.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves.
See How IBD Helps You Make More Money In Stocks
Altria is not currently offering a proper buying opportunity. It has fallen quite hard recently, after breaking out of a long consolidation. See if the stock goes on to build a new pattern that could kick off a new climb. Of course, current market conditions indicate you should place it on a watchlist.
The company showed 5% earnings growth in the latest quarterly report. Revenue gains came in at -2%.
Altria holds the No. 5 rank among its peers in the Tobacco industry group. Vector and British American Tobacco are also among the group's highest-rated stocks.
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
