Markets

Stocks Showing Improving Market Leadership: Ormat Technologies Earns 82 RS Rating

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On Wednesday, Ormat Technologies ( ORA ) received a positive adjustment to its Relative Strength ( RS ) Rating , from 78 to 82.

[ibd-display-video id=2385970 width=50 float=left autostart=true] This exclusive rating from Investor's Business Daily identifies price performance with a 1 (worst) to 99 (best) score. The rating shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.

Decades of market research shows that the market's biggest winners tend to have an 80 or better RS Rating as they begin their biggest runs.

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Ormat Technologies is now considered extended and out of buy range after clearing a 61.59 buy point in a first-stage flat base . See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.

The company reported negative growth for both the top and bottom lines last quarter.

Ormat Technologies holds the No. 1 rank among its peers in the Energy-Alternative/Other industry group. Algonquin Power & Utility ( AQN ) and TPI Composites ( TPIC ) are also among the group's highest-rated stocks.

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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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