CenterPoint Energy had its Relative Strength (RS) Rating upgraded from 66 to 71 Monday — a welcome improvement, but still below the 80 or better score you prefer to see.
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IBD's proprietary RS Rating measures market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
Decades of market research shows that the best-performing stocks tend to have an 80 or better RS Rating in the early stages of their moves. See if CenterPoint Energy can continue to show renewed price strength and clear that threshold.
CenterPoint Energy is working on a flat base with a 39.30 buy point. See if it can clear the breakout price in heavy trading.
While earnings growth declined in the company's most recent performance report from 25% to -4%, sales rose 11%, up from 4% in the prior report. The company is expected to report its latest results on or around Jul. 24.
The company holds the No. 9 rank among its peers in the Utility-Diversified industry group. NRG Energy, NiSource and Ameren 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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