One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Philip Morris International stock just hit that mark, with a jump from 79 to 83 Friday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating tracks technical performance by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the top-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves.
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Is Philip Morris International Stock A Buy?
Philip Morris International stock is building a cup without handle with a 112.58 buy point. See if it can clear the breakout price in heavy volume. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
In terms of fundamentals, the company has posted two quarters of rising earnings growth. Sales growth has been a different story, coming in at 0% in the latest report.
The tobacco firm earns the No. 4 rank among its peers in the Tobacco industry group. Altria and Universal are also among the group's highest-rated stocks.
