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 Lockheed Martin stock, which had its Relative Strength (RS) Rating upgraded from 79 to 85 Monday.
When you're researching the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the last 52 weeks holds up against all the other stocks in our database.
History reveals that the top-performing stocks typically have an RS Rating of at least 80 as they launch their biggest runs.
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Is Lockheed Martin Stock A Buy?
Lockheed Martin stock is building a consolidation with a 480.09 buy point. See if it can break out in heavy volume. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The aerospace giant posted negative growth for both sales and earnings last quarter. The company is expected to release its next quarterly numbers on or around Oct. 26.
Lockheed Martin stock earns the No. 10 rank among its peers in the Aerospace/Defense industry group. Heico and Northrop Grumman are also among the group's highest-rated stocks. For more industry news, check out "Defense And Aerospace Stocks To Watch And Industry News."
