First Solar saw a welcome improvement to its Relative Strength (RS) Rating on Tuesday, with an upgrade from 69 to 85.
Hone Your Stock-Picking Skills By Focusing On These Factors
This exclusive rating from Investor's Business Daily tracks price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
History reveals that the best stocks typically have an 80 or higher RS Rating in the early stages of their moves.
First Solar has risen more than 5% past a 189.50 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to create a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings grew -2% last quarter, up from -11% in the prior report. Revenue also increased, from 6% to 9%.
The company holds the No. 4 rank among its peers in the Energy-Solar industry group. Nextracker is the top-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.
RELATED:
Stocks With Rising Relative Strength Ratings
