Centerpoint Energy saw a positive improvement to its Relative Strength (RS) Rating on Thursday, rising from 67 to 74.
When looking for the best stocks to buy and watch, keep a close on eye on relative price strength.
This proprietary rating tracks technical performance by showing how a stock's price action over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating of above 80 as they launch their largest price moves. See if Centerpoint Energy can continue to rebound and hit that benchmark.
See How IBD Helps You Make More Money In Stocks
Centerpoint Energy is trading within a buying range after breaking past a 26.28 entry in a flat base. Once a stock moves 5% or higher beyond the original entry, it's considered extended and out of buy range.
Earnings growth rose last quarter from -37% to 80%, but sales fell from 18% to 11%.
Centerpoint Energy holds the No. 4 rank among its peers in the Utility-Diversified industry group. Chesapeake Utilities and MGE Energy are also among the group's highest-rated stocks.
