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Generac Clears Technical Benchmark, Hitting 80-Plus RS Rating

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Generac ( GNRC ) saw a welcome improvement to its Relative Strength ( RS ) Rating on Thursday, with an upgrade from 75 to 81.

[ibd-display-video id=2385970 width=50 float=left autostart=true] IBD's proprietary rating measures price movement 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 tend to have an 80 or higher RS Rating as they begin their biggest runs.

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Generac is working on a flat base with a 53.88 entry . See if it can break out in heavy trading.

Earnings grew 13% last quarter, up from 8% in the prior report. Revenue also increased, from 8% to 23%.

The company holds the No. 5 rank among its peers in the Electrical Power/Equipment industry group. Ametek ( AME ) is the top-ranked stock within the group.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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