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 MicroStrategy, which saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, with an upgrade from 90 to 94.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against other publicly traded companies.
History shows that the market's biggest winners often have an RS Rating north of 80 at the beginning of a new price run.
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MicroStrategy is now considered extended and out of buy range after clearing a 347.63 buy point in a first-stage consolidation. In fact it has given back most of the recent gains it has made. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight. The recent pullback to the 50-day moving average has not worked out so well so far, closing near today's low.
MSTR Earnings
The company showed 0% earnings growth in its most recent report. Sales gains came in at -1%.
The company holds the No. 12 rank among its peers in the Computer Software-Database industry group. Dropbox, MongoDB and Progress Software are among the top 5 highly rated stocks within the group.
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