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 Turquoise Hill Resources stock, which had its Relative Strength (RS) Rating upgraded to 98. The Canadian copper producer is bucking the trend and moving higher since November.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's unique rating tracks price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History reveals that the best stocks often have an 80 or higher RS Rating in the early stages of their moves.
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Is Turquoise Hill Resources Stock A Buy?
Turquoise Hill Resources stock has been etching a wide consolidation. While it's not currently an ideal time to jump in, see if the stock is able to establish and enter a buying range in heavy volume. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips. Also, check out "Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks."
Earnings growth decreased last quarter from 33% to -73%, but sales rose from 14% to 135%.
Turquoise Hill Resources stock holds the No. 9 rank among its peers in the Mining-Metal Ores industry group. BHP Billiton and Rio Tinto are also among the group's highest-rated stocks.
