Futures are higher this morning (+22 points) near 3867 (+/-) despite the dismal start to the new year. U.S. indices closed lower on Tuesday, starting 2023 with a modest decline.
When looking for the best stocks to buy and watch, focus on those with rising relative price strength, like Bilibili (BILI), which had its Relative Strength (RS) Rating upgraded from 87 on Friday to 91 to start the new year.
When we look for the best stocks to buy and watch, we keep a close on eye on relative price strength.
IBD’s unique rating identifies price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price performance over the last 52 weeks compares to all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains often have an RS Rating of above 80 in the early stages of their moves.