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 Enovix stock, which had its Relative Strength (RS) Rating upgraded from 66 to 86 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 tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Over 100 years of market history reveals that the market's biggest winners tend to have an RS Rating north of 80 in the early stages of their moves.
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Is Enovix Stock A Buy?
Enovix stock is not currently near a potential buy zone. See if the stock goes on to form a sound pattern that could ignite a new run.
The battery company showed 0% EPS growth in its most recent report, while sales growth came in at -99%.
Enovix stock earns the No. 26 rank among its peers in the Electrical Power/Equipment industry group. nVent Electric and Vertiv Holdings are also among the group's highest-rated stocks.
