On Friday, NextNav hit a key performance benchmark, with its Relative Strength (RS) Rating entering into the 90-plus percentile with an upgrade to 91, a rise from 85 the day before.
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This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to 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 RS Rating north of 80 at the beginning of a new price run.
NextNav has climbed more than 5% past a 9.50 entry in a second-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week line.
The company showed 0% EPS growth in the latest quarterly report. Revenue increased 58%. Look for the next report on or around May 9.
The company holds the No. 6 rank among its peers in the Consumer Products-Electronics industry group. Garmin, NextNav and Turtle Beach are among the top 5 highly rated stocks 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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