When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD’s unique RS Rating measures market leadership by showing how a stock’s price movement over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research shows that the market’s biggest winners often have an RS Rating north of 80 in the early stages of their moves.
Now is not an ideal time to jump in since it isn’t near a proper buy zone, but see if the stock manages to form a consolidation and break out.
Earnings grew 78% last quarter, up from 0% in the prior report. Revenue also increased, from -45% to -35%. The next quarterly results are expected on or around Nov. 14.
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