One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Nextracker cleared that benchmark Tuesday, with a jump from 74 to 81 Tuesday.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks stacks 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 RS Rating of at least 80 as they begin their biggest runs.
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Nextracker is trying to complete a consolidation with a 52.27 buy point. See if it can clear the breakout price in volume at least 40% above average.
The company posted 7% earnings growth in the latest quarterly report. Sales gains came in at -4%.
Nextracker earns the No. 1 rank among its peers in the Energy-Solar industry group. Enphase Energy and First Solar are also among the group's highest-rated stocks.
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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