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 Friday, with an increase from 86 to 91.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength. IBD's proprietary rating measures share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
History shows that the best stocks often have an RS Rating of at least 80 in the early stages of their moves.
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While it's not currently an ideal time to jump in, see if the stock is able to offer and clear an appropriate buy point. After a big move up it fell quite hard, giving back all recent gains.
MSTR Earnings
The company posted 0% earnings growth last quarter, while sales growth came in at -1%. The company is expected to report its latest results on or around Nov. 1.
MicroStrategy earns the No. 14 rank among its peers in the Computer Software-Database industry group. Elastic, MongoDB and Splunk are among the top 5 highly rated stocks within the group.
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