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 Robinhood Markets stock, which had its Relative Strength (RS) Rating upgraded from 75 to 81 Monday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating north of 80 in the early stages of their moves.
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Is Robinhood Markets Stock A Buy?
Robinhood Markets stock is not currently showing a potential buy point. See if the financial stock goes on to form a sound pattern that could launch a new move.
The financial investing platform firm posted 0% earnings growth last quarter. Revenue rose 53%.
Robinhood Markets stock earns the No. 18 rank among its peers in the Finance-Investment Banking/Brokers industry group. Futu Holdings ADR and LPL Financial Holdings are also among the group's highest-rated stocks.
