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 Chart Industries, which saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 87 to 91.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD's proprietary RS Rating measures technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the best stocks tend to have an 80 or better RS Rating as they begin their largest price moves.
Looking For Winning Stocks? Try This Simple Routine
Is Chart Industries Stock A Buy?
Chart Industries stock has been staging a strong rally in recent weeks and is building a consolidation with a 206.39 buy point. See if the stock can break out in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings grew -20% last quarter, up from -22% in the prior report. Revenue also increased, from 20% to 21%. Look for the next report on or around Apr. 22.
Chart Industries stock earns the No. 3 rank among its peers in the Oil & Gas-Machinery/Equipment industry group. MRC Global and Cactus are among the top 5 highly rated stocks within the group. For more industries news, check out "Energy Stocks And Industry News: Oil, Gas, Solar, Coal."
