Canadian Solar had its Relative Strength (RS) Rating upgraded from 84 to 92 Tuesday. It also saw a big move up on its Composite Rating today.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This unique rating measures technical performance by showing how a stock's price movement over the last 52 weeks measures up against that of the other stocks in our database.
History reveals that the top-performing stocks tend to have an 80 or better RS Rating as they launch their biggest price moves.
Looking For Winning Stocks? Try This Simple Routine
Canadian Solar is building a cup without handle with a 47.79 entry. See if the stock can clear the breakout price in the heavy trade it has experienced in recent days.
Canadian Solar posted 167% earnings growth in the latest quarterly report, while sales growth came in at 57%.
Canadian Solar earns the No. 2 rank among its peers in the Energy-Solar industry group. Enphase Energy is the top-ranked stock within the group.
Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks
