When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Fiserv now meets that criteria, with a jump from 75 to 87 Wednesday.
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 action over the last 52 weeks matches up against that of all other stocks.
History reveals that the stocks that go on to make the biggest gains often have an 80 or better RS Rating as they begin their biggest runs.
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Fiserv is not currently offering a proper buying opportunity. See if the stock goes on to form a promising consolidation that could kick off a new climb with increasing volume.
Fiserv reported 14% earnings growth in the latest quarterly report, while sales growth came in at 10%.
The company earns the No. 2 rank among its peers in the Financial Services-Specialty industry group. OP Bancorp also among the group's highest-rated stocks.
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