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 FuboTV, which had its Relative Strength Rating upgraded from 77 to 83 Thursday. Is FuboTV on your radar?
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
Over 100 years of market history shows that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves. So the 83 RS Rating for FuboTV is noteworthy.
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Is FuboTV Stock In The Buy Zone?
FuboTV stock is not currently offering a proper buying opportunity. See if the stock goes on to form a sound pattern that could kick off a new price move.
Earnings growth for the sports streaming service rose last quarter from flat to 52%. But sales growth dropped from 1,540% to 196%.
FuboTV stock holds the No. 13 rank among its peers in the Leisure-Movies & Related industry group. Avid Technology and Reading International are also among the group's highest-rated stocks.
