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 Uber Technologies stock, which saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, rising from 87 to 91.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength. IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
History reveals that the market's biggest winners tend to have an RS Rating north of 80 at the beginning of a new run.
Looking For The Best Stocks To Buy And Watch? Start Here
Is Uber Technologies Stock A Buy?
Uber Technologies stock recently retook its 200-day moving average. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to form a base and break out. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The ridesharing technology firm showed -327% earnings growth last quarter. Sales gains came in at 105%.
Uber Technologies stock earns the No. 16 rank among its peers in the Leisure-Services industry group. RCI Hospitality, Endeavor Group and Marriott Vacations World are among the top 5 highly rated stocks within the group.
