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 Extreme Networks, which had its Relative Strength (RS) Rating upgraded from 70 to 81 Tuesday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against the rest of the market.
History shows that the stocks that go on to make the biggest gains typically have an RS Rating of over 80 as they begin their biggest climbs.
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Extreme Networks is not currently offering a proper buying opportunity, after falling back from a cup with handle breakout late last year. See if the stock goes on to form a sound pattern that could spark a new run.
Earnings Season
While earnings-per-share growth decreased in the company's most recently reported quarter from 133% to 62%, revenue grew 16%, up from 14% in the prior report. The next quarterly numbers are expected on or around Apr. 28.
The company holds the No. 3 rank among its peers in the Computer-Networking industry group. Juniper Networks is also among the group's highest-rated stocks.
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