Suburban Propane (SPH) had its Relative Strength (RS) Rating upgraded from 79 to 85 Thursday morning. What followed was a wild ride if you bought at the open on this under $20 stock.

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When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.

This exclusive rating from Investor’s Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price behavior over the trailing 52 weeks stacks up against all the other stocks in our database.

Over 100 years of market history shows that the stocks that go on to make the biggest gains often have an RS Rating of above 80 as they launch their biggest runs.

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Suburban Propane was within a buying range after breaking past a 17.78 buy point in a flat base. The proper buying range extends to 5% above the initial entry. Once a stock moves above that range, it’s best to hold off investing and wait for it to set up another buying opportunity. So if you missed it this morning, simply keep an eye on it, maybe looking for another opportunity.

SPH Earnings

The company showed 0% EPS growth last quarter. Revenue gains came in at -5%.

The company earns the No. 5 rank among its peers in the Oil & Gas-Refining/Marketing industry group. Genesis Energy (GEL) and NuSTAR Energy (NS) are also among the group’s highest-rated stocks.

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