One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Nextracker stock just hit that mark, with a jump from 77 to 87 Tuesday.
This exclusive rating from Investor's Business Daily measures price action with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners often have an RS Rating of above 80 as they begin their biggest runs.
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Is Nextracker Stock A Buy?
The stock, which is on the IPO Leaders screen, is trying to complete a cup without handle with a 62.14 buy point. See if the energy stock can clear the breakout price in volume at least 40% higher than normal.
Earnings growth decreased in the most recent report from 231% to 153%. But sales moved higher, from 38% to 42%.
Nextracker stock earns the No. 2 rank among its peers in the Energy-Solar industry group. First Solar is the top-ranked stock within the group.
