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 Umpqua, which had its Relative Strength (RS) Rating upgraded from 80 to 84 Tuesday.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the last 52 weeks compares to all the other stocks in our database.
Decades of market research reveals that the market's biggest winners often have an 80 or better RS Rating in the early stages of their moves.
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While it's not currently an ideal time to buy shares, see if the stock is able to form a chart pattern and break out.
In terms of top and bottom line numbers, Umpqua has posted five quarters of accelerating earnings growth. Revenue growth has been less impressive, coming in at -8% in the most recent quarterly report.
Umpqua holds the No. 31 rank among its peers in the Banks-West/Southwest industry group. Pcb Bancorp and Silvergate Cap Corp Cl A are also among the group's highest-rated stocks.
