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 Schlumberger, which had its Relative Strength (RS) Rating upgraded from 75 to 81 Monday.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary rating identifies share price performance with a 1 (worst) to 99 (best) score. The grade 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 market's biggest winners tend to have an RS Rating of at least 80 as they launch their biggest climbs.
Looking For The Best Stocks To Buy And Watch? Start Here
Schlumberger is working on a consolidation with a 59.55 buy point. First it needs to clear some key moving averages, then we'll see if it can break out in heavy trade.
Earnings Report
Top and bottom line growth moved higher last quarter. Earnings were up 85%, compared to 73% in the prior report. Revenue increased from 27% to 30%. It did not immediately move higher on this recent earnings release, however.
The company holds the No. 6 rank among its peers in the Oil & Gas-Field Services industry group. Tidewater and Atlas Energy Solutions are also among the group's highest-rated stocks.
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
