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 Kroger, which had its Relative Strength (RS) Rating upgraded from 73 to 84 Thursday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against that of all other stocks.
Decades of market research shows that the best stocks tend to have an 80 or higher RS Rating in the early stages of their moves.
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While Kroger is not near an ideal entry right now, it is holding up well today. See if it is able to form and break out of a proper chart pattern.
The company reported 22% earnings growth in the latest quarterly report. Sales gains came in at 8%. Look for the next report on or around Sep. 10.
Kroger earns the No. 6 rank among its peers in the Retail-Super/Mini Markets industry group. TravelCenters of America and Caseys General Stores are also among the group's highest-rated stocks.
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