The Relative Strength (RS) Rating for Clearway Energy stock entered a new percentile Tuesday, with an increase from 78 to 86.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary RS Rating identifies 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.
Decades of market research reveals that the market's biggest winners typically have an RS Rating of over 80 in the early stages of their moves.
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Is Clearway Energy Stock A Buy?
Clearway Energy stock has been trading below its 50- and 200-day moving averages in recent weeks amid the stock market correction and is not currently near a potential buying area. See if the stock goes on to form a promising consolidation that could kick off a new price move. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The renewable energy firm reported negative growth for both sales and earnings last quarter.
Clearway Energy stock earns the No. 15 rank among its peers in the Energy-Alternative/Other industry group. Rex American Resources and Arcosa are also among the group's highest-rated stocks.
