Ormat Technologies had its Relative Strength (RS) Rating upgraded from 66 to 75 Thursday — a welcome improvement, but still below the 80 or better score you look for.
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the last 52 weeks matched up against all other stocks.
History reveals that the best stocks often have an 80 or higher RS Rating in the early stages of their moves. See if Ormat Technologies can continue to show renewed price strength and clear that threshold.
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Ormat Technologies is working on a consolidation with an 84.30 entry. See if the stock can clear the breakout price in volume at least 40% higher than normal.
Earnings growth increased last quarter from -11% to 7%. But revenue gains fell from 2% to -4%. The company is expected to report its latest earnings and sales numbers on or around May 7.
The company holds the No. 5 rank among its peers in the Energy-Alternative/Other industry group. Kenon Holdings is the No. 1-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.
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