SolarEdge Technologies saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an increase from 79 to 87.
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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 action over the last 52 weeks matches up against other publicly traded companies.
History reveals that the best-performing stocks often have an RS Rating north of 80 as they launch their biggest price moves.
SolarEdge Technologies is not currently near a potential buying area. See if the stock goes on to build a base that could launch a new move.
SolarEdge Technologies reported 0% EPS growth last quarter. Revenue increased 7%.
The company earns the No. 7 rank among its peers in the Energy-Solar industry group. Nextracker, SunRun and First 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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