Banking

Bloom Energy Stock One To Watch As It Sees RS Rating Jump To 83

When looking for the best stocks to buy and watch, focus on those with rising relative price strength.

One stock that fits that bill is Bloom Energy (BE), which had its Relative Strength (RS) Rating upgraded from 65 to 83 Wednesday.

When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.

This exclusive rating from Investor’s Business Daily measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock’s price performance over the last 52 weeks compares to all the other stocks in our database.

History reveals that the market’s biggest winners often have an RS Rating of at least 80 in the early stages of their moves.


Looking For The Best Stocks To Buy And Watch? Start Here


While the stock is not near an ideal buy point right now, see if it is able to form and break out of a proper consolidation. An additional positive is that is has cleared key moving averages recently, and has traded above them since.

The company posted 0% earnings growth in the latest quarterly report. Revenue rose 41%.

Bloom Energy holds the No. 14 rank among its peers in the Energy-Alternative/Other industry group. Ameresco (AMRC) is also among the group’s highest-rated stocks.

​Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks

YOU MAY ALSO LIKE:

Join IBD Live And Learn Top Chart-Reading And Trading Techniques From The Pros
MarketSmith’s Tools Can Help The Individual Investor
Profit From Short-Term Trends With SwingTrader
Get Timely Buy & Sell Alerts With IBD Leaderboard
Find The Best Long-Term Investments With IBD Long-Term Leaders

IBD Digital: Get access to subscriber-only stock lists and market analysis. Plus, add the weekly print edition for your weekend prep.

Checkout latest world news below links :
World News || Latest News || U.S. News

Help us to become independent in PANDEMIC COVID-19. Contribute to diligent Authors.

[charitable_donation_form campaign_id=57167]

Source link

Back to top button