The Relative Strength (RS) Rating for SolarEdge Technologies stock moved up into a new percentile Friday, as it got a lift from 69 to 75.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's proprietary rating measures price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an RS Rating north of 80 in the early stages of their moves. See if SolarEdge Technologies stock can continue to rebound and hit that benchmark.
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Is SolarEdge Technologies Stock A Buy?
SolarEdge Technologies stock is working on a consolidation with a 345.90 entry. See if it can break out in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The solar company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -37% to 160%. Revenue rose from 59% to 61%. The next quarterly numbers are expected on or around May 3.
SolarEdge Technologie stock earns the No. 3 rank among its peers in the Energy-Solar industry group. NEXTracker and SolarEdge Technologies are also among the group's highest-rated stocks.
