The stock has grown 950% in a year and still reaches a new high

• Power Solutions International (PSIX) has shown strong technical momentum as it hit a new high in its morning trading on June 25th.

• The stock has a 100% technical “buy” signal through BarChart.

• Stocks have grown nearly 950% over the past year.

• The fundamentals are solid, and analysts and investor sentiment are moderately bullish.

Valued at $1.48 billion, Power Solutions International (PSIX) is engaged in the production and distribution of power solutions for original equipment manufacturers of off-highway industrial equipment in the US. The company sells fixed generators, oil and gas equipment, forklifts, aviation occupation platforms, industrial vacuum cleaners, arbor equipment, and engines for agriculture and turf equipment. It also offers low-emission standard fuel and hybrid power supply solutions.

I used the powerful screening feature of Bar Chart to find the charts for the day today. I sorted the stocks with the best technical purchase signals, excellent current momentum in both strength and direction, and the “buy” signal of trend seekers. We then used BarChart’s FlipCharts feature to check the chart for consistent price increases. psix checks these boxes. Since Trendseeker signaled buy on May 12th, stocks have risen 86.64%.

PSIX Price vs. Daily Moving Average:

Editor’s Note: The following technical metrics are updated live during sessions every 20 minutes, so they may change daily as the market fluctuates. Therefore, the indicator numbers listed below may not match those shown live on the Barchart.com website when reading this report. These technical indicators form the Bar Chart opinion on a particular stock.

Stocks in Power Solutions hit a new 52-week high on June 25th, reaching $67 in morning trading.

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

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

• The weighted alpha for PSIX is +497.75.

• The stock price has increased 946% over the past year.

• PSIX has undamaged “buy” signal for trend seekers.

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

• The stock has scored 14 new highs, reaching 67.9% last month.

• The relative strength index is 86.01%.

• The technical support level is $62.15.