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Porch Stock Finds A Home On RS Leaders List

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 Porchticker symb=PRCH], which had its Relative Strength Rating upgraded from 79 to 82 Thursday. Is Porch stock on your radar?

Porch operates a website that connects homeowners with local home improvement contractors.




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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 technical performance by using a 1 (worst) to 99 (best) score that shows how a stock’s price performance over the trailing 52 weeks matches up against the rest of the market.

Decades of market research shows that the market’s biggest winners typically have an RS Rating north of 80 as they launch their biggest runs. So the 82 RS Rating for Porch stock is noteworthy.


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Is Porch Stock A Buy?

Porch stock is now considered extended and out of buy range after clearing an 11.87 buy point in a first-stage cup without handle. See if Porch stock forms a new pattern or follow-on buying opportunity like a three-weeks-tight or a pullback to the 50-day or 10-week moving average.

Top- and bottom-line growth moved higher in the company’s most recent quarter. Earnings were up 5%, compared with flat in the prior report. Revenue growth increased from 77% to 200%.

Porch stock holds the No. 30 rank among its peers in the Computer-Technical Services industry group. Endava (DAVA) and Epam Systems (EPAM) are also among the group’s highest-rated stocks.

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