One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Natera just hit that mark, with a jump from 79 to 82 Friday.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the best stocks tend to have an RS Rating north of 80 as they begin their biggest price moves.
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Natera is building a consolidation with a 59.75 buy point. It has gapped up and continued to rise since the most recent earnings release. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Natera posted 0% EPS growth in the latest quarterly report, while sales growth came in at 32%.
The company holds the No. 9 rank among its peers in the Medical-Research Equipment/Services industry group. Icon PLC and Agilent Technologies are also among the group's highest-rated stocks.
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