When putting together your watch list, focus on stocks with an 80 or higher RS Rating. Robinhood Markets just cleared that benchmark with an upgrade from 76 to 85. All the while it is working on the right side of a double-bottom pattern on a daily MarketSmith chart.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating tracks market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the best stocks often have an RS Rating of at least 80 in the early stages of their moves.
Looking For Winning Stocks? Try This Simple Routine
Robinhood Markets broke out earlier, but has fallen back below the prior 11.37 entry from a double bottom. It tried to clear again today before falling back once again. As of this writing the stock is trading at yesterday's closing price. Volume has been trending above average on this side of the pattern, a positive sign.
HOOD Earnings
The company showed 0% EPS growth in its most recent report. Revenue rose 29%.
Robinhood Markets holds the No. 6 rank among its peers in the Finance-Investment Banking/Brokers industry group. Freedom Holding and Ameriprise Financial are also among the group's highest-rated stocks.
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
