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 Booz Allen Hamilton Hldg, which saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 80 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 proprietary rating measures share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the top-performing stocks tend to have an RS Rating of at least 80 at the beginning of a new run.
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Booz Allen Hamilton Hldg has risen more than 5% past a 131.28 entry in a first-stage flat base, meaning it's now out of a proper buy range. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
BAH Earnings
Earnings growth increased last quarter from -4% to 32%, but sales fell from 16% to 13%.
The company earns the No. 4 rank among its peers in the Commercial Services-Consulting industry group.
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