On Monday, Premier got a positive adjustment to its Relative Strength (RS) Rating, from 67 to 71.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's unique RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the best-performing stocks tend to have an RS Rating of above 80 in the early stages of their moves. See if Premier can continue to show renewed price strength and clear that threshold.
Looking For Winning Stocks? Try This Simple Routine
Premier has climbed more than 5% past a 36.25 entry in a first-stage flat base, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
Premier showed 3% EPS growth in its most recent report, while sales growth came in at 40%. Look for the next report on or around Nov. 2.
The company earns the No. 3 rank among its peers in the Commercial Services-Healthcare industry group. Vocera Communications and Premier are also among the group's highest-rated stocks.
