On Monday, TriNet Group earned an upgrade to its Relative Strength (RS) Rating, from 80 to 84.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against other publicly traded companies.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 as they begin their biggest runs.
See How IBD Helps You Make More Money In Stocks
TriNet Group is now considered extended and out of buy range after clearing a 91.41 buy point in a first-stage consolidation. In fact it cleared it earlier, fell back and just pushed through the buy zone today. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
TNET Earnings
The company showed -2% EPS growth last quarter. Sales increased 2%. Keep an eye out for the company's next round of numbers on or around Jul. 26.
The company earns the No. 6 rank among its peers in the Commercial Services-Outsourcing industry group. Paychex and Aramark are also among the group's highest-rated stocks.
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
