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 Cleveland-Cliffs stock, which had its Relative Strength (RS) Rating upgraded from 79 to 85 Thursday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 in the early stages of their moves.
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Is Cleveland-Cliffs Stock A Buy?
Cleveland-Cliffs stock reclaimed its 200-day moving average, but it's not currently near a potential buy zone. See if the stock goes on to build a sound pattern that could launch a new move. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Top and bottom line growth moved higher last quarter. Earnings were up 86%, compared to -48% in the prior report. Revenue increased from -6% to -1%.
Cleveland-Cliffs stock earns the No. 4 rank among its peers in the Steel-Producers industry group. TERNIUM ADR and Steel Dynamics are also among the group's highest-rated stocks.
