One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Kimberly-Clark just hit that mark, with a jump from 79 to 82 Thursday. Additionally, according to a MarketSmith weekly chart, the RS Line is showing the Blue Dot indication.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique 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 other publicly traded companies.
Decades of market research reveals 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 runs.
Looking For The Best Stocks To Buy And Watch? Start Here
Kimberly-Clark stock is building a consolidation with a 145.89 entry. See if the stock can continue its climb back above key moving averages and break out in volume at least 40% higher than normal.
Earnings Report
Earnings growth decreased in the company's latest report from -23% to -25%, but sales rose from 3% to 7%. The next quarterly results are expected on or around Jul. 23.
The company earns the No. 10 rank among its peers in the Cosmetics/Personal Care industry group. Prestige Brands and ELF Beauty are also among the group's highest-rated stocks.
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
