Carnival stock had its Relative Strength (RS) Rating upgraded from 79 to 85 Friday.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary rating identifies share price performance with a 1 (worst) to 99 (best) score. The score 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 shows that the best stocks tend to have an RS Rating of at least 80 in the early stages of their moves.
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Is Carnival Stock A Buy?
Carnival stock is trying to complete a cup without handle with a 12.71 buy point. See if it can break out in heavy trading.
The cruise ship operator showed 0% EPS growth last quarter, while sales growth came in at 173%. Look for the next report on or around Jun. 22.
Carnival stock earns the No. 7 rank among its peers in the Leisure-Services industry group. OneSpaWorld Holdings and Life Time Group Holdings are also among the group's highest-rated stocks.
