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 AMN Healthcare Services , which saw a positive improvement to its Relative Strength (RS) Rating, rising to 88. The healthcare staff firm has held up well, amid continued demand for healthcare professionals at hospitals due to Covid.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength. IBD's unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an 80 or higher RS Rating at the beginning of a new price run.
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Is AMN Healthcare Stock A Buy?
AMN Healthcare stock pulled back during the stock market correction, dipping below its 200-day moving average. The stock has been rallying off the 200-day line. Now is not an ideal time to jump in since it isn't near a proper buy zone, but see if the stock manages to offer and clear an appropriate buy point. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The healthcare staffer saw both earnings and sales growth rise last quarter. Earnings-per-share increased from 98% to 111%. Revenue rose from 41% to 59%.AMN Healthcare scores 96 Composite Rating. The company will report quarterly earnings on Feb. 17.
AMN Healthcare Services stock earns the No. 4 rank among its peers in the Commercial Services-Staffing industry group. DLH is the No. 1-ranked stock within the group.
