In a welcome move, Ormat Technologies saw its Relative Strength Rating improve from 70 to 74 on Monday.
This exclusive rating from Investor's Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best stocks tend to have an RS Rating north of 80 as they launch their largest climbs. See if Ormat Technologies can continue to show renewed price strength and hit that benchmark.
When To Sell Stocks To Lock In Profits And Minimize Losses
Ormat Technologies is not currently near a potential buy zone. See if the stock goes on to form a chart pattern that could kick off a new climb.
The company showed 0% earnings growth in the latest quarterly report. Revenue increased 9%. The company is expected to report its latest performance numbers on or around Nov. 6.
Ormat Technologies earns the No. 3 rank among its peers in the Energy-Alternative/Other industry group. Kenon Holdings is the No. 1-ranked stock within the group.
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