The Relative Strength (RS) Rating for Xerox climbed into a new percentile Thursday, with an increase from 72 to 83.
When you're researching 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 grade shows how a stock's price behavior over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves.
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Xerox is building a consolidation with a 27.06 buy point. See if the stock can clear the breakout price in heavy trading.
The company reported negative growth for both sales and earnings last quarter.
The company holds the No. 8 rank among its peers in the Computer-Hardware/Peripherals industry group. Super Micro Computer and HP are also among the group's highest-rated stocks.
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