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 Dell Techs , which had its Relative Strength (RS) Rating upgraded from 76 to 83 Wednesday.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's unique rating tracks price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners typically have an RS Rating north of 80 in the early stages of their moves.
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While the stock is not near an ideal buying range right now, see if it goes on to form and break out from a proper base. It is currently working on a 5-day positive close streak.
Earnings Preview
Dell Techs reported 5% earnings growth last quarter, while sales growth came in at -11%. Look for the next report on or around May 26.
The company holds the No. 3 rank among its peers in the Computer-Hardware/Peripherals industry group. Logitech International is also among the group's highest-rated stocks.
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