The Relative Strength (RS) Rating for Nextracker climbed into a new percentile Monday, as it got a lift from 69 to 72.
IBD's unique RS Rating tracks technical performance by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History shows that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 as they launch their largest price moves. See if Nextracker can continue to rebound and hit that benchmark.
How To Invest In Stocks In Both Bull And Bear Markets
Nextracker is working on a consolidation with a 52.27 buy point. See if it can clear the breakout price in volume at least 40% higher than normal.
The company reported 7% EPS growth in its most recent report, while sales growth came in at -4%.
Nextracker holds the No. 1 rank among its peers in the Energy-Solar industry group. Enphase Energy and First Solar 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!
