AES saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 65 to 72.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
Over 100 years of market history shows that the top-performing stocks tend to have an RS Rating of above 80 as they launch their largest runs. See if AES can continue to show renewed price strength and clear that threshold.
AES is still inside a buy range after clearing a 13.99 entry in a flat base. Once a stock moves 5% or higher beyond the initial entry, it's considered out of a proper buying area.
Top and bottom line growth moved higher last quarter. Earnings were up 34%, compared to -46% in the prior report. Revenue increased from -5% to -3%. Look for the next report on or around Nov. 4.
The company earns the No. 16 rank among its peers in the Utility-Electric Power industry group. American Elec Power, Entergy and Korea Electric Power ADR are among the top 5 highly rated stocks within the group.
This article was created automatically with Stats Perform's Wordsmith software using data and article templates supplied by Investor's Business Daily. An IBD journalist may have edited the article.
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