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 Nutanix, which saw a positive improvement to its Relative Strength (RS) Rating on Tuesday, with an increase from 81 to 91.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength. IBD's unique rating measures price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research reveals that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
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Nutanix is back within a buy range after climbing above a 33.73 entry in a consolidation. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buying area. After earnings, it gapped way up into the buy zone and then moved even higher.
NTNX Earnings
The company posted 0% earnings growth in its most recent report. Revenue gains came in at 28%.
The company earns the No. 18 rank among its peers in the Computer Software-Enterprise industry group. JFrog, ServiceNow and Workday are among the top 5 highly rated stocks within the group.
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