Intuit stock saw a welcome improvement to its Relative Strength (RS) Rating on Monday, rising from 69 to 76.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating identifies price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Over 100 years of market history shows that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they begin their biggest climbs. See if Intuit stock can continue to rebound and clear that threshold.
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Is Inuit Stock A buy?
Intuit stock is building a consolidation with a 490.93 buy point. See if the financial software stock can clear the breakout price in heavy trading. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The financial software firm posted 17% earnings growth in the latest quarterly report, while sales growth came in at 7%.
Intuit stock earns the No. 4 rank among its peers in the Computer Software-Financial industry group. Vertex and Fair Isaac are also among the group's highest-rated stocks.
