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 Nautilus (NLS), which had its Relative Strength (RS) Rating upgraded from 73 to 81 Wednesday. The home fitness equipment maker has benefitted from Americans move from the gym to working out at home during during and post-pandemic. Nautilus is focusing more on its connected fitness machines to maintain its competitiveness edge, much like rival Peloton (PTON).
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This unique rating identifies technical performance by showing how a stock’s price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the top-performing stocks often have an RS Rating north of 80 in the early stages of their moves.
Nautilus stock has been consolidating since early February. It’s not currently showing a potential buy point. See if the stock goes on to build a chart pattern that could kick off a new price move. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.
Top and bottom line growth moved higher last quarter. Earnings were up 1,075%, compared to 708% in the prior report. Revenue increased from 82% to 120%.
Nautilus stock earns the No. 14 rank among its peers in the Leisure-Products industry group. Black Diamond (CLAR) and Vista Outdoor (VSTO) are also among the group’s highest-rated stocks. Check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”
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