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 DoubleVerify stock, which saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 88 to 92. DoubleVerify was Wednesday's IBD Stock Of The Day.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength. IBD's unique rating tracks market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating of over 80 at the beginning of a new price run.
Looking For Winning Stocks? Try This Simple Routine
Is DoubleVerify Stock A Buy?
The stock, which is on theIPO Leaders screen is still within a buy zone after moving past a 38.00 buy point in a cup with handle. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buy zone. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The software platform for digital media measurement company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 17% to 33%. Revenue rose from 22% to 28%.
DoubleVerify stock holds the No. 1 rank among its peers in the Computer Software-Special Enterprise industry group. HubSpot and Atlassian Cl A are also among the group's highest-rated stocks.
