On Monday, Ormat Technologies got a positive adjustment to its Relative Strength (RS) Rating, from 78 to 81.
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This unique rating identifies technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the best stocks typically have an RS Rating of at least 80 in the early stages of their moves.
Ormat Technologies is working on a consolidation with an 84.30 buy point. See if the stock can clear the breakout price in heavy trade.
Earnings growth increased last quarter from -11% to 7%. But revenue gains fell from 2% to -4%. The next quarterly numbers are expected 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 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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