One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Fluence Energy now clears that threshold, with a jump from 79 to 82 Monday.
IBD's proprietary RS Rating identifies 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.
Over 100 years of market history reveals that the best-performing stocks tend to have an RS Rating north of 80 as they begin their biggest runs.
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Fluence Energy is working on a consolidation with a 23.21 buy point. See if it can break out in volume at least 40% higher than normal.
The company showed 0% EPS growth in its most recent report, while sales growth came in at -10%. The next quarterly results are expected on or around Nov. 25.
The company holds the No. 7 rank among its peers in the Energy-Alternative/Other industry group. NET Power, GE Vernova and Kenon Holdings are among the top 5 highly rated stocks within the group.
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