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 RV maker Thor Industries (THO), which had its Relative Strength (RS) Rating upgraded from 78 to 83 Tuesday. Leisure and outdoor segment has seen a rise in demand for their products during the pandemic as Americans headed outdoors for leisure and travel.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD’s unique RS Rating identifies market leadership by showing how a stock’s price action over the last 52 weeks measures up against that of the other stocks in our database.
History shows that the best-performing stocks typically have an 80 or higher RS Rating as they begin their biggest price moves.
Thor Industries is now considered…