On Thursday, Enovix reached an important technical milestone, with its Relative Strength (RS) Rating climbing into the 80-plus percentile with an upgrade to 81, an increase from 75 the day before.
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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 behavior over the trailing 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks often have an 80 or better RS Rating as they begin their biggest runs.
Enovix is not currently offering a proper buying opportunity. See if the stock goes on to build a chart pattern that could spark a new run.
Enovix showed 0% earnings growth in its most recent report. Revenue gains came in at 98%.
Enovix holds the No. 25 rank among its peers in the Electrical Power/Equipment industry group. nVent Electric, American Superconductor and Vertiv Holdings are among the top 5 highly rated stocks 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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