On Monday, Unity Software stock reached an important technical milestone, with its Relative Strength (RS) Rating jumping into the 80-plus percentile with an improvement to 81, an increase from 78 the day before.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
History reveals that the market's biggest winners often have an RS Rating north of 80 as they begin their biggest runs.
See How IBD Helps You Make More Money In Stocks
Is Unity Software Stock A Buy?
Unity Software stock is trying to complete a cup without handle with a 42.99 buy point. See if it can clear the breakout price in volume at least 40% higher than normal. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The computer software design firm reported 0% earnings growth in the latest quarterly report. Sales gains came in at 56%.
Unity Software stock earns the No. 10 rank among its peers in the Computer Software-Design industry group. PDF Solutions and Synopsys are also among the group's highest-rated stocks.
