On Wednesday, Green Plains stock hit an important technical milestone, seeing its Relative Strength (RS) Rating jump into the 90-plus percentile with an improvement to 91, up from 83 the day before.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. IBD's unique RS Rating identifies market leadership by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners tend to have an RS Rating north of 80 at the beginning of a new run.
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Is Green Plains Stock A Buy?
Green Plains stock is building a cup with handle with a 38.52 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
The alternative energy company reported -582% earnings growth in the latest quarterly report, while sales growth came in at 41%.
Green Plains stock earns the No. 9 rank among its peers in the Energy-Alternative/Other industry group. Kenon , Arcosa and Montauk Renewables are among the top 5 highly rated stocks within the group.
