The Relative Strength (RS) Rating for Generac Holdings climbed into a new percentile Wednesday, as it got a lift from 63 to 72.
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IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
Decades of market research reveals that the market's biggest winners often have an RS Rating of over 80 as they launch their largest price moves. See if Generac Holdings can continue to show renewed price strength and hit that benchmark.
Generac Holdings has risen more than 5% past a 154.26 entry in a first-stage cup with handle, meaning it's now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Generac Holdings showed 22% earnings growth in the latest quarterly report. Sales rose 6%. Look for the next report on or around Oct. 29.
Generac Holdings earns the No. 13 rank among its peers in the Electrical Power/Equipment industry group. nVent Electric, American Superconductor and Vertiv Holdings 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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