Canadian Solar saw a positive improvement to its Relative Strength (RS) Rating on Wednesday, rising from 80 to 87.
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This unique rating measures market leadership by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the market's biggest winners tend to have an 80 or higher RS Rating as they launch their biggest price moves.
While the stock is not near a proper buy zone right now, see if it manages to form and break out from a proper consolidation.
Canadian Solar posted 0% EPS growth last quarter. Revenue rose -10%. Look for the next report on or around Aug. 8.
The company earns the No. 10 rank among its peers in the Energy-Solar industry group. Nextracker, SolarEdge Technologies and Canadian Solar 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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