In a welcome move, Constellation Energy stock saw its Relative Strength Rating rise from 63 to 71 on Wednesday.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary RS Rating tracks technical performance by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the market's biggest winners often have an RS Rating of at least 80 as they launch their largest runs. See if Constellation Energy can continue to show renewed price strength and clear that threshold.
Is Constellation Energy Stock A Buy?
Constellation stock is currently trading below its 50- and 200-day moving averages. While the stock is not near an ideal buy zone right now, see if it goes on to form and break out of a proper base. Given the current market uncertainties, IBD recommends a cautious market exposure of 20-40%.
In terms of fundamental health, Constellation Energy has posted rising EPS growth over the last two quarters. Revenue gains have not followed the same trajectory, coming in at -7% in the most recent report. The company is expected to report its next quarterly numbers on or around May 6.
Constellation Energy stock holds the No. 8 rank among its peers in the Energy-Alternative/Other industry group. Kenon Holdings, GE Vernova and Enlight Renewable Energy 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.
