Exploring the Rising Relative Strength of Cryptocurrency Stocks: Spotlight on Bitcoin (BTC)

• Investors looking to identify the best stocks to watch can utilize the Relative Strength (RS) Rating, an exclusive metric developed by Investor’s Business Daily (IBD).
• The RS Rating, which ranges from 1 (worst) to 99 (best), measures a stock’s price performance over the last 12 months.
• Typically, stocks with an RS Rating of 80 or above are considered to be in the early stages of a significant upward move.

Learn how to spot the best stocks to watch using the Relative Strength (RS) Rating, a unique metric that measures a stock’s price performance over the past year.

Understanding the Relative Strength Line and RS Rating

Investors should also monitor the relative strength line, which compares a stock’s price performance to that of the S&P 500. A rising RS line indicates that the stock is outperforming the general market. It’s a bullish sign when the line is in or near new high ground at the time of a breakout.

Stocks with Rising Relative Strength Ratings

Several stocks have recently seen their RS Ratings improve. These include Hess Midstream, which hit an all-time high last month amid increasing profit and sales growth. Other stocks with rising RS Ratings include Expro Group Holdings, Virtus Invt Partners, Pembina Pipeline, Atkore, MYR Group, and Alaska Air Group.

Conclusion

In conclusion, the RS Rating is a valuable tool for investors looking to identify the best stocks to watch. By tracking a stock’s price performance over the last 12 months and comparing it to the performance of the S&P 500, investors can gain insights into potential market leaders and high-performing stocks.