In a welcome move, Fiserv saw its Relative Strength Rating improve from 70 to 73 on Tuesday. It still has a way to go before actionable, but moving in the right direction.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating identifies share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best-performing stocks typically have an RS Rating of over 80 in the early stages of their moves. See if Fiserv can continue to rebound and hit that benchmark.
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Fiserv Stock is building a consolidation with a 111.04 entry. Now that it has passed through key moving averages, let's see if it can clear the breakout price in volume at least 40% higher than normal.
Earnings Alert
The company posted 11% EPS growth last quarter. Sales increased 9%. Keep an eye out for the company's next round of numbers on or around Feb. 7.
The company earns the No. 10 rank among its peers in the Financial Services-Specialty industry group. Tiptree and A-Mark Precious Metals are also among the group's highest-rated stocks.
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