When looking for the best stocks to buy and watch, focus on those with rising relative price strength, as this a key growth indicator.
One stock that fits that bill is Uber Technologies, which saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 90 to 93. This follows a big move last Monday.
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 indicates how a stock's price performance over the last 52 weeks matches up against the rest of the market.
Decades of market research shows that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
Looking For The Best Stocks To Buy And Watch? Start Here
The IBD 50 stock is trying to complete a cup without handle with a 37.68 buy point. It has shown three straight up days and is currently showing a MarketSmith Blue Dot. See if it can clear the breakout price in continued heavy trading.
Earnings News
While the company's top line growth fell last quarter from 49% to 29%, the bottom line grew 0%, up from -34% in the previous report.
The company earns the No. 11 rank among its peers in the Leisure-Services industry group. OneSpaWorld Holdings, Life Time Group Holdings and Xponential Fitness are among the top 5 highly rated stocks within the group.
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
