Generac Holdings saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 90 to 93.
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This unique rating tracks technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matches up against all other stocks in our database.
Decades of market research reveals that the market's biggest winners tend to have an RS Rating of at least 80 at the beginning of a new price run.
Generac Holdings has risen more than 5% past a 154.26 entry in a first-stage cup with handle, meaning it's now out of a proper buy zone. Look for the stock to offer a new buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week line.
The company showed 22% EPS growth in the latest quarterly report. Sales increased 6%.
Generac Holdings earns the No. 4 rank among its peers in the Electrical Power/Equipment industry group. American Superconductor is the No. 1-ranked stock 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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