On Tuesday, InMode stock got a positive adjustment to its Relative Strength (RS) Rating, from 72 to 86.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary 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 the rest of the market.
Decades of market research reveals that the best stocks often have an 80 or better RS Rating as they begin their biggest runs.
Looking For The Best Stocks To Buy And Watch? Start Here
Is InMode Stock A Buy?
InMode stock has been rallying off the bottom of a deep base, but is still living below its 200-day moving average. While now is not an ideal time to invest, see if the stock is able to offer and clear an appropriate buy point. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The radio frequency device maker posted 16% earnings growth in its most recent report. Revenue rose 30%.
InMode stock earns the No. 4 rank among its peers in the Medical-Systems/Equipment industry group. Haemonetics and Shockwave Medical are also among the group's highest-rated stocks.
