Banking

First Solar Stock Shows Rising Price Performance With Jump To 81 RS Rating

When building your watch list, focus on stocks with an 80 or higher RS Rating. First Solar (FSLR) now meets that criteria, with a jump from 78 to 81 Tuesday.

As you try to find the best stocks to buy and watch, be sure to pay attention to relative price strength.

IBD’s unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price performance over the trailing 52 weeks compares to all the other stocks in our database.

Over 100 years of market history reveals that the market’s biggest winners often have an 80 or higher RS Rating in the early stages of their moves.


Looking For The Best Stocks To Buy And Watch? Start Here


First Solar is working on a cup without handle with a 112.60 entry. See if the stock can break out in heavy volume. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

 

The solar company reported 120% EPS growth last quarter. Sales rose -2%.

First Solar stock holds the No. 2 rank among its peers in the Energy-Solar industry group. First Solar (FSLR) and SolarEdge Technologies (SEDG) are also among the group’s highest-rated stocks.

YOU MIGHT ALSO LIKE:

MarketSmith’s Tools Can Help The Individual Investor

IBD Live: A New Tool For Daily Stock Market Analysis

Profit From Short-Term Trends With SwingTrader

How To Research Growth Stocks: Why This IBD Tool Simplifies The Search For Top Stocks

Most Related Links :
todayuknews Governmental News Finance News

Source link

Back to top button