On Thursday, Generac Holdings earned a positive adjustment to its Relative Strength (RS) Rating, from 73 to 90.
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This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price performance over the trailing 52 weeks matches up against all other stocks in our database.
Over 100 years of market history shows that the top-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves.
Generac Holdings is now considered extended and out of buy range after clearing a 154.26 buy point in a first-stage cup with handle. 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 posted 22% earnings growth in the latest quarterly report. Revenue rose 6%.
Generac Holdings earns the No. 8 rank among its peers in the Electrical Power/Equipment industry group. Vertiv Holdings, American Superconductor and Eaton 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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