One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Park Hotels & Resorts just hit that mark, with a jump from 79 to 85 Thursday.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an 80 or better RS Rating as they begin their biggest climbs.
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While the stock is not near an ideal buy point right now, see if it goes on to form and break out from a proper consolidation.
Earnings growth dropped in the company's most recent report from 0% to -192%, but sales rose from -94% to -85%.
The company earns the No. 67 rank among its peers in the Finance-Property REITs industry group. Power REIT, Innovative Industrial Properties and CareTrust REIT are among the top 5 highly rated stocks within the group.
