One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Lumen Technologies just hit that mark, with a jump from 75 to 86 Wednesday.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The score 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 top-performing stocks typically have an RS Rating of at least 80 in the early stages of their moves.
See How IBD Helps You Make More Money In Stocks
While the stock is not near an ideal entry right now, see if it manages to form and break out from a proper chart pattern. Note that it is a lower priced stock, although it does have plenty of trading volume. Caution is the order of the day.
Lumen Technologies showed 43% earnings growth in the latest quarterly report. Revenue gains came in at 0%.
The company earns the No. 1 rank among its peers in the Telecom Servics-Integrated industry group.
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