Clover Health Stock Scores Relative Strength Rating Upgrade; Joins Meme Stock Club

When building your watch list, focus on stocks with an 80 or higher RS Rating. Clover Health Inv (CLOV) just cleared that benchmark with an upgrade from 66 to 80. The Medicare Advantage insurer reached meme stock status as retail investors drove the stock up about 150% for the two trading days in early June.


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

This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock’s price action over the trailing 52 weeks matches up against that of all other stocks.

Decades of market research shows that the market’s biggest winners typically have an RS Rating of above 80 as they begin their biggest runs.

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

Is Clover Health Stock A Buy?

After hitting a 52-week high of 28.85 on June 9, Clover Health stock fell back down to trade closer to its 20-day moving average. It’s now considered extended and out of buy range. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

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Earnings growth increased last quarter from 0% to 45%, but sales fell from 44% to 21%.

Clover Health stock holds the No. 9 rank among its peers in the Medical-Managed Care industry group. Progyny (PGNY) and Centene (CNC) are also among the group’s highest-rated stocks.


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