Ormat Technologies saw a positive improvement to its Relative Strength (RS) Rating on Monday, rising from 69 to 79.
This proprietary rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks compares to other publicly traded companies.
History shows that the best-performing stocks often have an RS Rating of over 80 as they launch their biggest price moves. See if Ormat Technologies can continue to rebound and clear that threshold.
How To Invest In Stocks In Both Bull And Bear Markets
Ormat Technologies is trying to complete a consolidation with an 84.30 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
While the company's top line growth fell last quarter from 2% to -4%, the bottom line grew 7%, up from -11% in the previous report. Look for the next report on or around May 7.
Ormat Technologies earns the No. 5 rank among its peers in the Energy-Alternative/Other industry group. Kenon Holdings is the top-ranked stock 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.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
