On Monday, Array Technologies stock cleared an important performance benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 87, up from 80 the day before.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating tracks market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains typically have an 80 or higher RS Rating in the early stages of their moves.
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Is Array Technologies Stock A Buy?
Array Technologies stock has been trading in a narrow consolidation. While the solar stock is not near an ideal buy zone right now, see if it manages to form and break out from a proper chart pattern.
Earnings growth increased last quarter from 0% to 213%, but sales fell from 83% to 25%.
Array Technologies stock holds the No. 1 rank among its peers in the Energy-Solar industry group.
