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 Mosaic stock, which saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 90 to 92.
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 showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best stocks typically have an 80 or better RS Rating as they launch their biggest runs.
See How IBD Helps You Make More Money In Stocks
Is Mosaic Stock A Buy?
The IBD Big Cap 20 stock cleared a 43.34 entry in a cup without handle on Jan. 12. The stock has pulled back just below the buy point in the last few trading days amid the stock market correct. Wait for the stock and the market to rebound to assess another buying opportunity. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips. Also, check out "Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks."
While earnings-per-share growth decreased in the company's most recent quarterly report from 964% to 487%, the top line grew 44%, up from 37% in the previous report. Keep an eye out for the company's next round of numbers on or around Feb. 17.
Mosaic stock holds the No. 1 rank among its peers in the Chemicals-Agriculture industry group. ICL Group and Mosaic are also among the group's highest-rated stocks.
