On Monday, Enovix hit an important technical milestone, with its Relative Strength (RS) Rating moving into the 80-plus percentile with an upgrade to 81, up from 73 the day before.
This exclusive rating from Investor's Business Daily identifies share price movement with a 1 (worst) to 99 (best) score. The rating 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 best stocks typically have an 80 or higher RS Rating as they begin their biggest runs.
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While Enovix is not near a proper entry right now, see if it is able to form and break out of a proper base.
The company showed 0% EPS growth last quarter, while sales growth came in at 26,250%.
The company holds the No. 18 rank among its peers in the Electrical Power/Equipment industry group. American Superconductor, nVent Electric and Powell Industries are among the top 5 highly rated stocks within the group.
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