As you try to find the best stocks to buy and watch, keep a close on eye on relative price strength.
This unique rating measures market leadership by showing how a stock’s price action over the last 52 weeks compares to that of the other stocks in our database.
Over 100 years of market history reveals that the top-performing stocks typically have an 80 or better RS Rating in the early stages of their moves. See if Eos Energy can continue to show renewed price strength and clear that threshold.
Eos Energy has risen more than 5% past an 11.94 entry in a first-stage cup without handle, meaning it’s now out of a proper buy range. Look for the stock to create a new chance to pick up shares like a three-weeks tight or pullback to the 50-day or 10-week line.
In terms of top and bottom line numbers, Eos Energy has posted two quarters of accelerating earnings growth. Revenue growth has been a different story, coming in at -56% last quarter.
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