On Wednesday, C3.ai received an upgrade to its Relative Strength (RS) Rating, from 69 to 85 after 6 up days after straddling the 200-day moving average.
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 movement over the last 52 weeks compares to that of other stocks on the major indexes.
History shows that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves.
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C3.ai is not currently offering a proper buying opportunity after round-tripping a recent consolidation pattern. See if the stock goes on to form a new chart pattern that could spark a new run. Also look for the stock to clear key moving averages that may be a ceiling.
C3.ai posted 0% EPS growth last quarter. Revenue increased -4%. The next quarterly results are expected on or around Jun. 1.
The company holds the No. 19 rank among its peers in the Computer Software-Special Enterprise industry group. SPS Commerce and Descartes Systems Group are also among the group's highest-rated stocks.
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