On Tuesday, AMN Healthcare Services stock reached an important technical milestone, with its Relative Strength (RS) Rating moving into the 90-plus percentile with an upgrade to 91, up from 85 the day before.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD's unique RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 at the beginning of a new run.
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Is AMN Healthcare Services Stock A Buy?
AMN Healthcare Services stock, which is on both the IBD 50 and IBD Sector Leaders screens, retook its 50-day moving average and is working on a consolidation with a 129.22 entry. See if it can break out in heavy volume. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The healthcare staffing firm showed 105% earnings growth in the latest quarterly report. Revenue gains came in at 75%.
AMN Healthcare stock earns the No. 1 rank among its peers in the Commercial Services-Staffing industry group. Hudson Global and DLH are also among the group's highest-rated stocks.
