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 Arista Networks, which saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, before the market opened, rising from 80 to 94.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength. IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks typically have an RS Rating north of 80 in the early stages of their moves.
Earnings Calendar For This Week
The stock, which is on both the IBD 50 and IBD Sector Leaders screens, is trading within a buying range after moving well past a 178.36 entry in a consolidation. It closed yesterday still in the 5% range, only to fall with today's market action. Currently it is 1% away from the buy point. If you are not already in, keep a close watch on it for a possible entry. If you are already invested, remember the IBD sell rules.
ANET Earnings
Arista Networks reported 46% EPS growth last quarter. Revenue increased 39%.
Arista Networks holds the No. 1 rank among its peers in the Computer-Networking industry group. Extreme Networks and Digi International are also among the group's highest-rated stocks.
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