Generac Holdings (GNRC) is on the watchlist again this week, as the 5-week bullish trend persists. Relative strength is what caught our attention, in addition to being highlighted in the IBD50. The stock also tends to do well during hurricane season.
Trends in residential installations, including solar power wall packs, and generator backup are noteworthy.
Generac broke above its pivot (+2%) on Wednesday. Earnings and sales continue climbing year after year, non stop since 2015. Daily and weekly charts are below. Click to enlarge.
William O’Neil benchmark criteria is highlighted, along with industry group strength.
Note fund ownership is increasing.
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