On Monday, FuelCell Energy received a positive adjustment to its Relative Strength (RS) Rating, from 85 to 91.
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This unique rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price action over the last 52 weeks matches up against all other stocks in our database.
Over 100 years of market history shows that the best stocks typically have an RS Rating north of 80 at the beginning of a new climb.
FuelCell Energy is now considered extended and out of buy range after clearing a 3.42 buy point in a first-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company reported 0% earnings growth in the latest quarterly report. Sales rose 97%.
FuelCell Energy earns the No. 18 rank among its peers in the Energy-Alternative/Other industry group. Bloom Energy, Enlight Renewable Energy and Amprius Technologies 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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