Consolidated Edison had its Relative Strength (RS) Rating upgraded from 69 to 77 Friday — a welcome improvement, but still below the 80 or better score you look for.
When To Sell Stocks To Lock In Profits And Minimize Losses
This exclusive rating from Investor's Business Daily measures share price movement with a 1 (worst) to 99 (best) score. The rating shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the top-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if Consolidated Edison can continue to rebound and clear that threshold.
Consolidated Edison is building a flat base with a 114.87 entry. See if the stock can break out in volume at least 40% above average.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 5%, compared to -2% in the prior report. Revenue increased from 7% to 12%.
Consolidated Edison holds the No. 15 rank among its peers in the Utility-Diversified industry group. NRG Energy, Genie Energy 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.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
