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 EPAM Systems stock, which had its Relative Strength (RS) Rating upgraded from 76 to 82 Friday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating identifies 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.
Over 100 years of market history shows that the stocks that go on to make the biggest gains tend to have an RS Rating of above 80 in the early stages of their moves.
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Is EPAM Systems Stock A Buy?
EPAM Systems stock has moved more than 5% past a 261.70 entry in a first-stage cup with handle, meaning it's now extended and out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
The digital platform engineering and software development services company reported negative growth for both sales and earnings last quarter. EPAM Systems is expected to release its next quarterly numbers on or around Feb. 15.
EPAM Systems stock earns the No. 9 rank among its peers in the Computer-Technical Services industry group. Globant and GitLab Cl A are also among the group's highest-rated stocks.
