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.
Summary
Trends in residential installations, including solar power wall packs, and generator backup are noteworthy.
Generac Charts
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.
Generac Stats
William O’Neil benchmark criteria is highlighted, along with industry group strength.
Note fund ownership is increasing.
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Happy Trading,
Vinny
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Disclosure: As an #ibdpartner, that means my use of investors business daily suite of services is complimentary. I also receive compensation from the company for my technical analysis services.
