It's rare to find a stock with ratings as high as those that Fair Isaac has. And it's formed a nice double-bottom base to boot. When looking for the best stocks to buy and watch, those with rising relative price strength like Fair Isaac stock are good watchlist candidates.
On Friday, the Relative Strength (RS) Rating for financial services software maker Fair Isaac, climbed to 93, up from 90 the day before.
Market research reveals that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves.
Fair Isaac Stock's Other Ratings Shine
Among its other key ratings, Bozeman, Calif.-based Fair Isaac has an excellent 98 EPS Rating, of a best-possible 99. And its 96 Composite Rating puts the developer of decision-making software for financial services, insurance, health care and other markets among the top 4% of all stocks.
The Composite Rating combines five separate proprietary IBD ratings, based on key fundamental and technical criteria, into one easy-to-use score. The best growth stocks have a Composite Rating of 90 or better.
Looking For Winning Stocks? Try This Simple Routine
Fair Isaac stock is trying to complete a double bottom base with a 531.13 entry. See if the stock can break out in volume at least 40% higher than normal. On Friday, Fair Isaac rose fractionally to near 467.
In terms of fundamentals, the company has posted two quarters of rising earnings growth. Revenue gains have also increased over the same time frame. Fair Isaac is expected to release its next quarterly numbers on or around Aug. 3.
Fair Isaac stock earns the No. 1 rank among its peers in the Computer Software-Financial industry group. Jack Henry & Associates and ACI Worldwide are also among the group's highest-rated stocks.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This proprietary Relative Strength Rating identifies market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matches up against other publicly traded companies.
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