Hannon Armstrong Sustainable Infrastructure had its Relative Strength (RS) Rating upgraded from 68 to 72 Friday -- a welcome improvement, but still below the 80 or better score you prefer to see.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique rating measures price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating as they launch their biggest runs. See if Hannon Armstrong Sustainable Infrastructure can continue to rebound and hit that benchmark.
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Hannon Armstrong Sustainable Infrastructure has climbed more than 5% past a 31.32 entry in a first-stage cup without handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth rose last quarter from -2% to 43%. But revenue gains fell from 27% to 21%.
Hannon Armstrong Sustainable Infrastructure earns the No. 6 rank among its peers in the Finance-Mortgages-REITs industry group. Bridge Inv Grp Hldg Cl A and Nexpoint Real Estate are also among the group's highest-rated stocks.
