When looking for the best stocks to buy and watch, focus on those with rising relative price strength.
One stock that fits that bill is Fluence Energy stock , which had its Relative Strength (RS) Rating upgraded from 66 to 84 Friday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
This proprietary rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of other stocks on the major indexes.
History shows that the stocks that go on to make the biggest gains tend to have an 80 or higher RS Rating as they begin their biggest price moves.
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Is Fluence Energy Stock A Buy?
Fluence Energy stock is building a cup with handle with a 27.80 entry. See if the alternative energy stock can break out in volume at least 40% higher than normal.
The global provider of energy products and services posted 0% earnings growth in the latest quarterly report, while sales growth came in at 52%.
Fluence Energy stock earns the No. 3 rank among its peers in the Energy-Alternative/Other industry group. Constellation Energy and Fluence Energy are also among the group's highest-rated stocks.
