As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.
This proprietary rating identifies technical performance by showing how a stock’s price action over the last 52 weeks compares to that of 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 begin their biggest price moves. See if Alphabet can continue to rebound and hit that benchmark.
Alphabet stock is trading within a buy range after climbing above a 2,152.78 buy point in a flat base. The proper buying range extends to 5% above the initial entry. Once a stock hits that benchmark, it’s best to wait for it to set up another buying opportunity.
In terms of top and bottom line numbers, the company has posted rising EPS growth over the last two quarters. Revenue gains have also moved higher over the same time frame. Alphabet is expected to report its next quarterly numbers on or around Apr. 28.
Alphabet earns the No. 2 rank among its peers in the Internet-Content industry group.
YOU MIGHT ALSO LIKE: