Generac Holdings stock had its Relative Strength (RS) Rating upgraded from 79 to 83 Thursday.
IBD's proprietary rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the trailing 52 weeks compares to all the other stocks in our database.
History shows that the stocks that go on to make the biggest gains often have an RS Rating of at least 80 as they launch their biggest runs.
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Is Generac Holdings Stock A Buy?
Generac Holdings stock broke out earlier, but has fallen back below the prior 133.15 entry from a cup with handle. In the case where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to take shape. Also keep in mind that the most recent pattern is a later-stage base, which makes it riskier to establish a new position or add shares to an existing one.
In terms of revenue and profits, the company has posted three quarters of accelerating earnings growth. Revenue gains have also risen during the same period. The company is expected to report its next quarterly numbers on or around May 1.
Generac Holdings stock earns the No. 13 rank among its peers in the Electrical Power/Equipment industry group. nVent Electric, Vertiv Holdings and Gates Industrial are among the top 5 highly rated stocks within the group.
