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 Box stock, which saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an increase from 85 to 91.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This unique rating identifies market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History shows that the best stocks tend to have an RS Rating north of 80 at the beginning of a new climb.
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Is Box Stock A Buy?
Box stock cleared a double-bottom pattern in mid-March and is currently extended. While now is not an ideal time to buy shares, see if the stock goes on to form a chart pattern and break out.
Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Earnings growth dropped in the most recent quarter from 10% to 9%. But revenue gains moved higher, from 14% to 17%.
Box stock earns the No. 1 rank among its peers in the Computer Software-Database industry group. NetScout Systems and Progress Software are also among the group's highest-rated stocks.
