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 Shell Plc stock, which saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 89 to 92.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength. IBD's proprietary rating tracks 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 best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves.
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Is Shell Plc Stock A Buy?
Shell Plc stock is trying to complete a cup with handle with a 56.28 buy point. See if it can break out in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
While earnings growth declined in the company's most recently reported quarter from 186% to 117%, sales rose 65%, up from 51% in the previous report.
Shell Plc stock earns the No. 12 rank among its peers in the Oil & Gas-Integrated industry group. Equinor ASA Adr, EQT and Marathon Oil Corporation are among the top 5 highly rated stocks within the group.
