One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Advance Auto Parts cleared that benchmark Monday, with a jump from 74 to 81 Monday.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an RS Rating north of 80 as they launch their biggest climbs.
See How IBD Helps You Make More Money In Stocks
Is Advance Auto Parts Stock A Buy?
Advance Auto Parts stock is building a cup without handle with a 244.65 entry. See if it can break out in heavy trading. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The auto parts retailer showed 18% EPS growth in the latest quarterly report. Revenue rose 1%.
Advance Auto Parts stock holds the No. 4 rank among its peers in the Retail/Wholesale-Auto industry group. O'Reilly Automotive and Copart are also among the group's highest-rated stocks.
