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 Open Text, which had its Relative Strength (RS) Rating upgraded from 79 to 83 Tuesday.
When looking for 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 grade shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the best stocks tend to have an RS Rating of over 80 in the early stages of their moves.
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Open Text is building a consolidation with a 43.25 buy point. See if the stock can continue the move higher and break out in volume at least 40% above average.
In terms of fundamental health, the company has posted rising EPS growth in each of the last six reports. Revenue gains have also increased during the same period.
Open Text holds the No. 1 rank among its peers in the Computer Software-Database industry group. , , stocks are also in this top 20 industry group.
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