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Generac Holdings(GNRC - Get Report) is a designer and manufacturer of a range of standby generators for the residential, commercial and industrial markets. This stock is trading up 0.32% to $24.97 in recent trading after hitting a 52-week high of $25.42 earlier in the day.
Today's Range: $24.80-$25.42
52-week Range: $13.83-$25.42
Three-Month Average Volume: 193,933
Generac has a market cap of $1.69 billion and an enterprise value of $2.18 billion. The stock trades at a trailing price-to-earnings of 22.21 and a forward price-to-earnings of 11.24. Its estimated growth rate for this year is 15%, and for next year it's pegged at 12.1%. The current short interest as a percentage of the float for Generac is notable at 4.6%.
From a technical standpoint, this stock recently broke out above some overhead resistance at $21 to $22, and it then ran up to its current price of just under $25 a share.
Traders should now look to play the next breakout which will trigger once the stock moves above $25.35. Look to get long over if $25.35 is taken out with high-volume that's tracking in close to or above the three-month average of 193,933.
-- Written by Roberto Pedone in Winderemere, Fla.