American Water Works had its Relative Strength (RS) Rating upgraded from 66 to 77 Friday — a welcome improvement, but still below the 80 or higher score you prefer to see.
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This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the last 52 weeks matched up against all other stocks.
Over 100 years of market history shows that the best stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if American Water Works can continue to show renewed price strength and clear that threshold.
American Water Works is not currently showing a potential entry point. See if the stock goes on to form a base that could kick off a new climb.
American Water Works reported 11% earnings growth in the latest quarterly report. Revenue increased 13%.
The company holds the No. 2 rank among its peers in the Utility-Water Supply industry group. SABESP ADR is the top-ranked stock 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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