Stocks To Watch: MongoDB Sees RS Rating Rise To 92 | Investor's Business Daily

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Stocks To Watch: MongoDB Sees RS Rating Rise To 92 | Investor’s Business Daily

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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 MongoDB (MDB), which saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 89 to 92.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD’s proprietary RS Rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock’s price action over the last 52 weeks matches up against other publicly traded companies.

History reveals that the market’s biggest winners often have an RS Rating of above 80 in the early stages of their moves.

See How IBD Helps You Make More Money In Stocks

The IBD 50 stock has moved more than 5% past a 248.25 entry in a first-stage consolidation, meaning it’s now out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.

The company showed 375% earnings growth last quarter, while sales growth came in at 36%. The next quarterly results are expected on or around Jun. 1.

The company earns the No. 1 rank among its peers in the Computer Software-Database industry group. Oracle (ORCL) and Progress Software (PRGS) are also among the group’s highest-rated stocks.