$ARRY: A Relative Strength Leader in $TAN
$Array Technologies Inc.(ARRY)$ - Relative Strength Leader Forming a 19-Month Rounding Base with Nett Institutional Inflows
A few $Invesco Solar ETF(TAN)$ solar names are on my focus and stalk list published exclusively today, but ARRY stands out. It has the longest multi-month base, shows net institutional inflows over the past three months, and meets CANSLIM parameters, with price bottoming with last 3 consecutive quarters of YoY EPS and Sales Growth, exceeding estimates.
Price is now just 2% below its 52-week high at less than 3.6 x ATR% from 50-MA, with a solid three-week cushion ahead of the next earnings report on Feb 25 after hours. This could be a classic 'Institutions move first, price follows' story.
Go through your watchlist, which other TAN names are you eyeing this week?
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