On Tuesday, Allstate got a positive adjustment to its Relative Strength (RS) Rating, from 69 to 72.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD's unique rating identifies share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance 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 tend to have an RS Rating of over 80 as they begin their biggest climbs. See if Allstate can continue to rebound and hit that benchmark.

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Allstate is working on a flat base with a 140.10 entry. See if the stock can break out in heavy trading.

Earnings growth rose last quarter from 41% to 81%. But revenue gains fell from 26% to 22%.

The company holds the No. 7 rank among its peers in the Insurance-Property/Casualty/Title industry group. First American Financial and Selective Insurance are also among the group's highest-rated stocks.