In a welcome move, American Electric Power stock saw its Relative Strength Rating rise from 61 to 75 on Friday.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary rating measures market leadership with a 1 (worst) to 99 (best) score. The rating shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the market's biggest winners often have an RS Rating north of 80 in the early stages of their moves. See if American Electric Power stock can continue to rebound and clear that threshold.
Is American Electric Power Stock A Buy?
American Electric Power stock is working on a flat base with a 110.48 entry. See if the utility stock can clear the breakout price in volume at least 40% higher than normal.
Earnings grew 21% last quarter, up from 1% in the prior report. Revenue also increased, from 3% to 9%.
American Electric Power stock earns the No. 11 rank among its peers in the Utility-Electric Power industry group. Pampa Energia ADR, OGE Energy and FirstEnergy are among the top 5 highly rated stocks within the group.
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