On Friday, Intuit got an upgrade to its Relative Strength (RS) Rating, from 69 to 82.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's proprietary rating identifies price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 as they begin their biggest price moves.
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Intuit is working on a consolidation with a 490.93 buy point. Along with the new RS number, the stock is showing high EPS and Composite rating numbers, both in the 90+ range. Let's see if it can clear the breakout price in heavy trading.
Earnings growth increased in the company's latest report from 8% to 42%, but the top line fell from 29% to 14%.
Intuit holds the No. 3 rank among its peers in the Computer Software-Financial industry group. Vertex and Fair Isaac are also among the group's highest-rated stocks.
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