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 Crowdstrike Holdings, which had its Relative Strength (RS) Rating upgraded from 80 to 87 Tuesday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating in the early stages of their moves.
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While Crowdstrike Holdings is not near an ideal buy zone right now, see if it is able to form and break out from a proper consolidation. While it has cleared key moving averages, the company earnings report is upcoming.
Earnings News
Earnings growth moved up in the company's latest report from 131% to 210%, but revenue fell from 63% to 61%. Keep an eye out for the company's next round of numbers on or around Aug. 31.
Crowdstrike Holdings holds the No. 4 rank among its peers in the Computer Software-Security industry group. Qualys and Palo Alto Networks are also among the group's highest-rated stocks.
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