Evergy saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an increase from 70 to 73.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating identifies technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the trailing 52 weeks matched up against all other stocks.
History reveals that the best-performing stocks often have an 80 or higher RS Rating in the early stages of their moves. See if Evergy can continue to rebound and hit that benchmark.
Evergy is trading within a buying range after moving past a 70.34 buy point in a cup with handle. The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to wait for it to set up another buying opportunity..
The company reported 0% earnings growth in its most recent report, while sales growth came in at 3%. Keep an eye out for the company's next round of numbers on or around Aug. 7.
The company holds the No. 8 rank among its peers in the Utility-Electric Power industry group. American Elec Power, Entergy and Korea Electric Power ADR 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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