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 Intercontinental Exchange stock, which had its Relative Strength (RS) Rating upgraded from 77 to 81 Friday.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they launch their biggest price moves.
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Is Intercontinental Exchange Stock A Buy?
Intercontinental Exchange stock is trying to complete a flat base with a 117.85 entry. See if it can clear the breakout price in volume at least 40% above average.
In terms of top and bottom line numbers, the financial company has posted two quarters of accelerating earnings growth. Sales gains have been a different story, coming in at -3% last quarter.
Intercontinental Exchange stock holds the No. 17 rank among its peers in the Financial Services-Specialty industry group. Tiptree and Bain Cap Specialty are also among the group's highest-rated stocks.
