When building your watch list, look for stocks with an 80 or higher RS Rating. Synopsys just cleared that benchmark with an upgrade from 78 to 86.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an 80 or higher RS Rating as they launch their biggest runs.
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The IBD 50 stock is trying to complete a consolidation with a 377.70 buy point. See if it can clear the breakout price in volume at least 40% above average. Also note that it has cleared most moving averages, with the 200-day in sight.
Synopsys showed 47% earnings growth in its most recent report. Revenue rose 25%.
Synopsys holds the No. 1 rank among its peers in the Computer Software-Design industry group.
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