The Relative Strength (RS) Rating for Nextracker entered a new percentile Friday, with an increase from 72 to 81.
Risk Management In The Stock Market: How Much Money To Invest Now
This exclusive rating from Investor's Business Daily tracks market leadership 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.
Over 100 years of market history shows that the best-performing stocks typically have an 80 or higher RS Rating in the early stages of their moves.
Nextracker is working on a consolidation with a 52.27 buy point. See if the stock can break out in volume at least 40% above average.
The company showed 7% earnings growth in its most recent report. Sales rose -4%. The company is expected to report its latest earnings and sales numbers on or around May 14.
The company earns the No. 1 rank among its peers in the Energy-Solar industry group. First Solar and Enphase Energy 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.
RELATED:
Which Stocks Are Showing Rising Relative Strength?
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!
