Alector Sees IBD RS Rating Rise To 72

Alector (ALEC) saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 67 to 72.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

This exclusive rating from Investor’s Business Daily measures share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price performance over the trailing 52 weeks compares to all the other stocks in our database.

Over 100 years of market history reveals that the best stocks typically have an RS Rating of over 80 in the early stages of their moves. See if Alector can continue to rebound and clear that threshold.

Looking For The Best Stocks To Buy And Watch? Start Here

Alector is not currently near a potential buying area. See if the stock goes on to build a sound pattern that could launch a new move.

In terms of fundamentals, the company has posted three quarters of accelerating earnings growth. Top line growth has also moved higher during the same period.

The company earns the No. 79 rank among its peers in the Medical-Biomed/Biotech industry group. Evotec (EVO) and Amphastar Pharmaceutcls (AMPH) are also among the group’s highest-rated stocks.


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