The Relative Strength (RS) Rating for Enovix entered a higher percentile Thursday, as it got a lift from 70 to 78.
This exclusive rating from Investor's Business Daily tracks share 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.
Over 100 years of market history reveals that the market's biggest winners typically have an 80 or better RS Rating as they launch their largest price moves. See if Enovix can continue to rebound and hit that benchmark.
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While Enovix is not near an ideal buy point right now, see if it is able to form and break out of a proper base.
Enovix showed 0% EPS growth in the latest quarterly report, while sales growth came in at 2,060%.
The company holds the No. 23 rank among its peers in the Electrical Power/Equipment industry group. Vertiv Holdings, American Superconductor and Powell Industries are among the top 5 highly rated stocks within the group.
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