In a welcome move, Canadian Pacific Railway stock saw its Relative Strength Rating rise from 66 to 72 on Tuesday.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary RS Rating tracks technical performance 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 reveals that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if Canadian Pacific Railway stock can continue to rebound and hit that benchmark.
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Is Canadian Pacific Railway Stock A Buy?
Canadian Pacific Railway stock is trying to complete a flat base with an 83.06 buy point. See if it can break out in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
In terms of top and bottom line numbers, Canadian Pacific Railway has posted rising EPS growth in each of the last two reports. Revenue growth has also increased during the same period. The company is expected to report its next quarterly numbers on or around Jan. 31.
Canadian Pacific Railway stock holds the No. 1 rank among its peers in the Transportation-Rail industry group.
