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 Wayfair stock, which had its Relative Strength (RS) Rating upgraded from 76 to 86 Monday. The online home furnishings retailer stands to get a boost from big holiday sales on Black Friday and Cyber Monday.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks compares to all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating in the early stages of their moves.
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Is Wayfair Stock A Buy?
Wayfair stock reclaimed its 50-day moving average on Monday. While now is not an ideal time to buy Wayfair, see if the e-commerce stock manages to establish and enter a buying range in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The online home furnishings retailer reported 0% earnings growth in the latest quarterly report, while sales growth came in at 4%.
Wayfair stock holds the No. 15 rank among its peers in the Retail-Internet industry group. MercadoLibre and PDD Holdings ADR are also among the group's highest-rated stocks. For more industry news, check out "Amazon, Shopify Lead E-Commerce Stocks Higher On Record Black Friday Sales".
