Enphase Energy stock saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 80 to 83.
As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
Over 100 years of market history shows that the market's biggest winners often have an RS Rating of at least 80 as they begin their biggest runs.
Looking For Winning Stocks? Try This Simple Routine
Is Enphase Energy Stock A Buy?
The solar stock retook its 200-day moving average. While the stock is not near an ideal buy point right now, see if it manages to form and break out of a proper base and keep it on your watch list. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
Enphase Energy reported 43% EPS growth in the latest quarterly report, while sales growth came in at 56%.
The solar stock earns the No. 1 rank among its peers in the Energy-Solar industry group. For more industry news, check out "Energy Stocks And Industry News: Oil, Gas, Solar, Coal."
