When considering what names to put on your watch list, focus on stocks with an 80 or higher RS Rating. C3.ai stock now meets that criteria, with a jump from 78 to 85 Tuesday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating measures technical performance by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
History shows that the best stocks often have an 80 or higher RS Rating in the early stages of their moves.
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Is C3.ai Stock A Buy?
Since hitting a 52-week high on June 15, C3.ai stock has pulled back and trading near the bottom of its consolidation. While artificial intelligence stock is not near an ideal buy point right now, see if it is able to form and break out of a proper base. Read more on this artificial intelligent stock, "AI Stock Surges; Is C3.ai Stock A Buy Amid Tech Rally?"
The AI company showed 0% earnings growth in its most recent report, while sales growth came in at 17%.
C3.ai stock holds the No. 23 rank among its peers in the Computer Software-Special Enterprise industry group. HubSpot and Atlassian Cl A are also among the group's highest-rated stocks.
