When putting together your watch list, look for stocks with an 80 or higher RS Rating. Mobileye Global stock is one stock that just reached the mark, now earning a score of 83.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against the rest of the market.
Decades of market research shows that the top-performing stocks often have an RS Rating of over 80 in the early stages of their moves.
Looking For Winning Stocks? Try This Simple Routine
Is Mobileye Global Stock A Buy?
Mobileye Global stock has climbed more than 5% past a 31.88 entry in a first-stage ipo base, meaning it's now out of a proper buy range. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The chipmaker for autonomous vehicles reported -7% earnings growth in its most recent report, while sales growth came in at 16%.
Mobileye Global stock holds the No. 7 rank among its peers in the Electronics-Semiconductor Fabless industry group. Lattice Semiconductor and NVIDIA are also among the group's highest-rated stocks.
