Plug Power saw a welcome improvement to its Relative Strength (RS) Rating on Monday, with an increase from 72 to 89.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength.
This exclusive rating from Investor's Business Daily identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the best-performing stocks tend to have an RS Rating of over 80 as they begin their biggest price moves.
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Plug Power has moved more than 5% past a 14.45 entry in a second-stage consolidation, meaning it's now out of a proper buy zone. Look for the stock to offer a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Earnings growth dropped last quarter from 0% to -125%. But revenue gains moved higher, from 34% to 96%.
Plug Power earns the No. 26 rank among its peers in the Energy-Alternative/Other industry group. Arcosa and Nextera Energy Partners are also among the group's highest-rated stocks.
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