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 Ross Stores stock, which had its Relative Strength (RS) Rating upgraded from 80 to 83 Tuesday.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's proprietary rating tracks share price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves.
See How IBD Helps You Make More Money In Stocks
Is Ross Stores Stock A Buy?
Ross Stores stock is working on a flat base with a 122.70 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings grew 19% last quarter, up from 12% in the prior report. Revenue also increased, from 4% to 8%.
Ross Stores stock holds the No. 5 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. lululemon athletica and Urban Outfitters are also among the group's highest-rated stocks.
