One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Ormat Technologies stock now clears that threshold, with a jump from 78 to 82 Monday.
When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.
IBD's unique RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matches up against other publicly traded companies.
Over 100 years of market history shows that the market's biggest winners typically have an RS Rating north of 80 as they begin their biggest climbs.
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Is Ormat Technologies Stock A Buy?
Ormat Technologies stock is building a consolidation with an 82.75 buy point. See if the stock can break out in heavy trading. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips.
While EPS growth fell in the company's most recently reported quarter from 28% to 5%, the top line rose 6%, up from 0% in the prior report.
Ormat Technologies stock earns the No. 14 rank among its peers in the Energy-Alternative/Other industry group. Ameresco and Kenon are also among the group's highest-rated stocks.
