Investors seeking the best stocks to buy and watch may want to consider TransUnion (TRU) stock. On Monday, the stock’s Relative Strength (RS) Rating improved from 80 to 84, indicating positive market leadership. This is a measure of how a stock’s price action has compared to other stocks in the database over the past 52 weeks. Historically, top-performing stocks have an RS Rating above 80 in the early stages of their moves.
TransUnion is currently undergoing a consolidation with an 81.65 buy point. To break out, the stock needs to see a volume that is at least 40% higher than normal. Over the past three reports, TransUnion has seen growing EPS and revenue growth, which is a positive sign for investors.
In terms of its peers in the Financial Services-Specialty industry group, TransUnion holds the No. 12 rank. Other highly rated stocks in this group include Tradeweb Markets (TW), Bain Cap Specialty (BCSF), and Envestnet (ENV). However, it’s important for investors to keep in mind that past performance may not necessarily predict future results. Nonetheless, starting here with TransUnion stock may be a good idea for those looking for potential investment opportunities.
