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 Palantir Technologies (PLTR), which had its Relative Strength (RS) Rating upgraded from 77 to 82 Wednesday.
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When you’re researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD’s proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price behavior over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves.
Looking For The Best Stocks To Buy And Watch? Start Here
While now is not an ideal time to invest, see if the stock goes on to offer and clear an appropriate buy point.
Earnings grew 500% last quarter, up from 0% in the prior report. Revenue also increased, from 40% to 49%.
Palantir Technologies holds the No. 43 rank among its peers in the Computer Software-Enterprise industry group. Concentrix Corp (CNXC) and Zendesk (ZEN) are also among the group’s highest-rated stocks.
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