On Monday, Enovix got an upgrade to its Relative Strength (RS) Rating, from 79 to 84.
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IBD's unique RS Rating identifies technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
Over 100 years of market history reveals that the best stocks often have an RS Rating north of 80 in the early stages of their moves.
While it's not currently an ideal time to invest, see if the stock manages to offer and clear a proper buy point.
The company reported 0% earnings growth last quarter, while sales growth came in at -3%. Look for the next report on or around Aug. 6.
Enovix earns the No. 20 rank among its peers in the Electrical Power/Equipment industry group. Vertiv Holdings, American Superconductor and Eaton Corp. PLC are among the top 5 highly rated stocks 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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