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 Blink Charging stock, which had its Relative Strength (RS) Rating upgraded from 63 to 87 Thursday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 in the early stages of their moves.
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Is Blink Charging Stock A Buy?
Blink Charging stock retook its 200-day moving average and is not currently near a potential buying area. See if the stock goes on to form a base that could launch a new move. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The EV charging device firm posted -32% earnings growth last quarter. Sales rose 164%.
Blink Charging stock earns the No. 33 rank among its peers in the Energy-Alternative/Other industry group. Arcosa and Nextera Energy Partners are also among the group's highest-rated stocks.
