When building your watch list, look for stocks with an 80 or higher RS Rating. Intuit now meets that criteria, with an increase from 80 to 87 Friday.
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 showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves.
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The stock, which is on the IBD Big Cap 20 list, is trying to complete a consolidation with a 490.93 entry. See if the stock can clear the breakout price in heavy trade.
Earnings growth increased last quarter from 8% to 42%. But revenue gains fell from 29% to 14%. The next quarterly results are expected on or around May 23.
Intuit holds the No. 2 rank among its peers in the Computer Software-Financial industry group. Intapp is also among the group's highest-rated stocks.
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