When looking for the best stocks to buy and watch, focus on those with rising relative price strength.
One stock that fits that bill is Array Technologies stock , which saw a welcome improvement to its Relative Strength (RS) Rating on Thursday, rising from 88 to 91.
When looking for the best stocks to buy and watch, be sure to pay attention to relative price strength. IBD's unique rating identifies price movement with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating as they launch their largest climbs.
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Is Array Technologies Stock A Buy?
Array Technologies stock is trying to complete a consolidation with a 24.69 buy point. See if the stock can clear the breakout price in volume at least 40% above average. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The solar energy firm posted 0% earnings growth in its most recent report, while sales growth came in at 83%.
Array Technologies stock earns the No. 4 rank among its peers in the Energy-Solar industry group. NEXTracker and Canadian Solar are among the top 5 highly rated stocks within the group.
