Plug Power Stock Sees Relative Strength Rating Jump To 90

Thursday, plug , plug) achieved an important technical benchmark, with its Relative Strength (RS) score dropping from the 90+ percentile to 90, from 79 the previous day. Note that the RS line is always sloping.

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When looking for the best stocks to buy and keep an eye on, be sure to focus on relative pricing power. This special Investors Business Daily rating measures market leadership with a score from 1 (worst) to 99 (best). The valuation shows how the stock’s price has been performing against all other stocks in our database over the past 52 weeks.

The market’s 100+ year history shows that the stocks that make the biggest gains early in their moves typically have an RS rating above 80.

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Gripping power is now seen as extended and out of the buy range after passing the buy point of 14.45 in the second round of consolidation, although this is an old pattern. See if the stock is forming a new pattern or if it follows a buying opportunity such as a three-week squeeze or a withdrawal to the 50-day or 10-week line.

earnings news

Plug Power recorded EPS growth of -66% in its latest quarterly report, while sales growth was 21%.

The company ranks 23rd among its peers in the alternative energy / other energy sector group. American CDMA, arch ACA) E Montauk renewables mntk) are among the top 5 rated stocks of the group.

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