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This Stock Is Up 950% in a Year and Still Hitting New Highs

Jim Van Meerten

3 min read

In This Article:

Stock exchange financial or forex graph by Bigc Studio via Shutterstock

Stock exchange financial or forex graph by Bigc Studio via Shutterstock
  • Power Solutions International (PSIX) shows strong technical momentum, hitting a new high in morning trading on June 25.

  • The stock has a 100% technical “Buy” signal via Barchart.

  • Shares are up nearly 950% in the past year.

  • Fundamentals are solid and analyst and investor sentiment is moderately bullish.

Valued at $1.48 billion, Power Solutions International (PSIX) is engaged in producing and distributing power solutions for original equipment manufacturers of off-highway industrial equipment in the United States. The company sells engines for stationary generators, oil and gas equipment, forklifts, aerial work platforms, industrial sweepers, arbor equipment, agricultural and turf equipment. It also offers low-emission standard fuel and hybrid power solutions.

I found today’s Chart of the Day by using Barchart’s powerful screening functions. I sorted for stocks with the highest technical buy signals, superior current momentum in both strength and direction, and a Trend Seeker “buy” signal. I then used Barchart’s Flipcharts feature to review the charts for consistent price appreciation. PSIX checks those boxes. Since the Trend Seeker signaled a buy on May 12, the stock has gained 86.64%.

PSIX Price vs. Daily Moving Averages:

www.barchart.com

www.barchart.com

Editor’s Note: The technical indicators below are updated live during the session every 20 minutes and can therefore change each day as the market fluctuates. The indicator numbers shown below therefore may not match what you see live on the Barchart.com website when you read this report. These technical indicators form the Barchart Opinion on a particular stock.

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Power Solutions shares hit a new 52-week high on June 25, touching $67 in morning trading.

  • Power Solutions has a 100% technical “Buy” signal.

  • The stock recently traded at $67, above its 50-day moving average of $38.01.

  • PSIX has a Weighted Alpha of +497.75.

  • The stock has gained 946% over the past year.

  • PSIX has its Trend Seeker “Buy” signal intact.

  • Power Solutions is trading above its 20, 50 and 100-day moving averages.

  • The stock has made 14 new highs and gained 67.9% in the last month.

  • Relative Strength Index is at 86.01%.

  • The technical support level is $62.15.