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Renewable Energy Stock Shows Rising Relative Strength

On Thursday, Renewable Energy (REGI) received a positive adjustment to its Relative Strength (RS) Rating, from 80 to 83.




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

IBD’s unique RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock’s price performance over the trailing 52 weeks matches up against the rest of the market.

Decades of market research reveals that the top-performing stocks typically have an RS Rating north of 80 in the early stages of their moves.


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Is Renewable Energy Stock A Buy?

Since hitting a 52-week high of 117 on Feb. 10, Renewable Energy stock has been is trading in a long cup-shaped base. It’s not currently showing a potential buy point. See if the volume picks up to kick off a new price move. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips. Also, check out “Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks.”

 

The producer of renewable fuels saw both earnings and sales growth rise last quarter. Earnings-per-share increased from -95% to -47%. Revenue rose from -45% to 14%. The next quarterly numbers are expected on or around Aug. 4.

Renewable Energy stock holds the No. 15 rank among its peers in the Energy-Alternative/Other industry group. Kenon (KEN) and Amyris (AMRS) are also among the group’s highest-rated stocks.

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