Nextracker had its Relative Strength (RS) Rating upgraded from 73 to 84 Monday.
Risk Management In The Stock Market: How Much Money To Invest Now
IBD's proprietary RS Rating measures technical performance by showing how a stock's price movement over the last 52 weeks compares to that of other stocks on the major indexes.
Over 100 years of market history reveals that the best stocks often have an RS Rating of over 80 in the early stages of their moves.
Nextracker is building a double bottom with a 46.90 buy point. See if the stock can clear the breakout price in volume at least 40% above average.
Nextracker showed 7% earnings growth last quarter. Sales gains came in at -4%. The next quarterly results are expected on or around May 14.
The company earns the No. 1 rank among its peers in the Energy-Solar industry group. Enphase Energy and SolarEdge Technologies are also among the group's highest-rated stocks.
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:
IBD Stock Rating Upgrades: Rising Relative Strength
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
