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 Suncor Energy stock, which had its Relative Strength (RS) Rating upgraded from 77 to 86 Tuesday.
When you're researching the best stocks to buy and watch, be sure to pay attention to relative price strength.
IBD's unique rating measures share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
History shows that the market's biggest winners tend to have an RS Rating north of 80 as they launch their biggest climbs.
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Is Suncor Energy Stock A Buy?
Suncor Energy stock is building a cup with handle with a 37.33 buy point. See if the stock can break out in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The energy company showed 165% EPS growth in the latest quarterly report. Sales gains came in at 47%.
Suncor Energy stock holds the No. 15 rank among its peers in the Oil & Gas-Integrated industry group. ExxonMobil and BP ADR are also among the group's highest-rated stocks.
