American Superconductor saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 61 to 83.
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This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the last 52 weeks matches up against that of all other stocks.
Decades of market research shows that the best stocks often have an RS Rating of above 80 in the early stages of their moves.
American Superconductor is not currently offering a proper buying opportunity. See if the stock goes on to form a chart pattern that could launch a new move.
Earnings growth declined last quarter from 433% to 140%. But revenue moved higher, from 56% to 59%.
The company earns the No. 3 rank among its peers in the Electrical Power/Equipment industry group. Vertiv Holdings is the top-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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