When putting together your watch list, look for stocks with an 80 or higher RS Rating. DocuSign now meets that criteria, with a jump from 78 to 89 Friday.
When you're researching 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 rating shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves.
Looking For Winning Stocks? Try This Simple Routine
DocuSign is building a cup without handle on a MarketSmith weekly chart with a 69.45 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
The company posted 39% EPS growth in its most recent report. Sales increased 9%.
DocuSign earns the No. 9 rank among its peers in the Computer Software-Enterprise industry group. Datadog and JFrog are also among the group's highest-rated stocks.
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