In a welcome move, Eversource Energy saw its Relative Strength Rating improve from 68 to 71 on Wednesday.
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IBD's proprietary RS Rating identifies technical performance by using a 1 (worst) to 99 (best) score that identifies how a stock's price performance over the trailing 52 weeks compares to other publicly traded companies.
History shows that the best stocks often have an 80 or better RS Rating in the early stages of their moves. See if Eversource Energy can continue to rebound and hit that benchmark.
Eversource Energy is building a consolidation with a 69.01 entry. See if it can break out in heavy volume.
Earnings growth dropped in the company's latest report from 6% to 1%, but revenue rose from 10% to 24%. Keep an eye out for the company's next round of numbers on or around Jul. 24.
Eversource Energy holds the No. 5 rank among its peers in the Utility-Electric Power industry group. Southern is the No. 1-ranked stock 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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