The Relative Strength (RS) Rating for EnerSys entered a new percentile Friday, as it got a lift from 64 to 73.
IBD's unique RS Rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves. See if EnerSys can continue to rebound and hit that benchmark.
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EnerSys is building a consolidation with a 104.36 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
In terms of fundamentals, EnerSys has posted two quarters of accelerating earnings growth. Top line growth has also increased during the same period.
EnerSys earns the No. 2 rank among its peers in the Electrical Power/Equipment industry group. AZZ is the top-ranked stock within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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