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 Fiserv stock, which saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 89 to 92.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength. This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the best stocks tend to have an 80 or better RS Rating as they begin their biggest runs.
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Is Fiserv Stock A Buy?
The IBD 50 stock broke out earlier, but has fallen back below the prior 119.58 entry from a flat base. If a stock you're watching clears a buy point then falls 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new base and breakout. Fiserv stock is coming back, edging towards the prior entry point. Keep a close eye on this IBD 50 stock.
Earnings growth decreased in the most recent quarter from 22% to 13%. But sales moved higher, from 9% to 10%.
Fiserv stock holds the No. 4 rank among its peers in the Financial Services-Specialty industry group. Ambac Financial Group and Cboe Global Markets are among the top 5 highly rated stocks within the group.
