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 the Canadian company Barrick Gold, which had its Relative Strength (RS) Rating upgraded from 80 to 88 Friday.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating in the early stages of their moves.
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Barrick Gold stock is trying to complete a long cup without handle with a 25.47 buy point. See if the stock can clear the breakout price in heavier volume.
Earnings where flat, or 0%, last quarter, but up from -41% in the prior report. Revenue also increased, from -20% to 1%.
Barrick Gold stock holds the No. 21 rank among its peers in the Mining-Gold/Silver/Gems industry group, so not the highest. Silver Standard Res and Sibanye Gold ADR are among the group's highest-rated stocks.
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