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.


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.

Looking For Winning Stocks? Try This Simple Routine

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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