The Relative Strength (RS) Rating for BlackRock stock jumped into a new percentile Thursday, with a rise from 79 to 82.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the trailing 52 weeks matches up against that of all other stocks.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating as they begin their biggest price moves.
See How IBD Helps You Make More Money In Stocks
Is BlackRock Stock A Buy?
BlackRock is building a flat base with a 785.75 buy point. 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.
While sales growth fell last quarter from -6% to -15%, earnings-per-share grew -16%, up from -30% in the previous report. Keep an eye out for the company's next round of numbers on or around Jan. 13.
BlackRock stock holds the No. 16 rank among its peers in the Finance-Investment Management industry group. AssetMark Financial and Atlas are also among the group's highest-rated stocks.
