AMC Networks saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, with an increase from 65 to 74.

When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.

This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.

History reveals that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating as they begin their largest price moves. See if AMC Networks can continue to rebound and clear that threshold.

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AMC Networks is not currently near a potential buying area. See if the stock goes on to form a sound pattern that could launch a new move.

Earnings growth declined in the most recent report from 103% to 44%. But revenue moved higher, from -6% to 19%.

The company holds the No. 8 rank among its peers in the Media-Radio/TV industry group. Gray Television and Gray Television are also among the group's highest-rated stocks.