Stocks With Rising Relative Strength: Solaredge Technologies

Solaredge Technologies (SEDG) had its Relative Strength (RS) Rating upgraded from 69 to 74 Friday — a welcome improvement, but still short of the 80 or better score you prefer to see.

When looking for the best stocks to buy and watch, one factor to watch closely is relative price strength.

IBD’s unique rating identifies market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock’s price movement over the trailing 52 weeks compares to all the other stocks in our database.

Decades of market research shows that the market’s biggest winners often have an 80 or better RS Rating in the early stages of their moves. See if Solaredge Technologies can continue to show renewed price strength and hit that benchmark.

See How IBD Helps You Make More Money In Stocks

Now is not an ideal time to jump in since it isn’t near a proper buy zone, but see if the stock manages to establish and enter a buy zone in heavy trade.

Earnings growth dropped in the company’s most recent report from 0% to -41%, but revenue rose from -18% to -14%. The next quarterly results are expected on or around May 6.

Solaredge Technologies earns the No. 3 rank among its peers in the Energy-Solar industry group. Enphase Energy (ENPH) and Solaredge Technologies (SEDG) are also among the group’s highest-rated stocks.


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