On Monday, Centrus Energy hit a noteworthy technical benchmark, with its Relative Strength (RS) Rating moving into the 90-plus percentile with an improvement to 91, an increase from 88 the day before.
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This unique rating identifies technical performance 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 reveals that the stocks that go on to make the biggest gains typically have an RS Rating of at least 80 in the early stages of their moves.
While now is not an ideal time to invest, see if the stock manages to offer and clear an appropriate buy point.
While the company's bottom line growth decreased last quarter from 0% to -11%, sales grew 46%, up from 12% in the prior report. The company is expected to report its latest numbers on or around May 7.
Centrus Energy earns the No. 11 rank among its peers in the Energy-Alternative/Other industry group. Kenon Holdings, GE Vernova and Clearway Energy Cl C 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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