Robinhood Markets had its Relative Strength (RS) Rating upgraded from 69 to 81 Wednesday.
As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily identifies price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
Looking For The Best Stocks To Buy And Watch? Start Here
While Robinhood Markets is not near an ideal buy zone right now, it has been trading in a tight formation. With earnings season upon us, let's see if it goes on to form and break out of a proper base.
Robinhood Markets posted 0% earnings growth in the latest quarterly report. Sales rose 47%.
The company earns the No. 17 rank among its peers in the Finance-Investment Banking/Brokers industry group. LPL Financial Holdings and XP are also among the group's highest-rated stocks.
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
