EnerSys stock had its Relative Strength (RS) Rating upgraded from 88 to 92 Wednesday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength. This unique rating measures market leadership by showing how a stock's price action over the last 52 weeks measures up against that of 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 RS Rating of over 80 as they launch their biggest runs.
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Is EnerSys Stock A Buy?
EnerSys stock is trying to complete a 15-month consolidation with a 104.57 buy point. See if it can break out in heavy trade. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
The company saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -8% to 10%. Revenue rose from 10% to 14%.
EnerSys stock holds the No. 10 rank among its peers in the Electrical Power/Equipment industry group. Powell Industries, Allied Motion Techs and Hubbell are among the top 5 highly rated stocks within the group.
