FirstEnergy saw a welcome improvement to its Relative Strength (RS) Rating on Friday, with an upgrade from 71 to 82.
This exclusive rating from Investor's Business Daily tracks share price performance with a 1 (worst) to 99 (best) score. The score shows how a stock's price movement over the last 52 weeks stacks up against all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains typically have an RS Rating north of 80 as they launch their biggest runs.
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FirstEnergy is working on a consolidation with a 44.97 buy point. See if the stock can clear the breakout price in heavy volume.
While revenue growth fell last quarter from 7% to -5%, EPS grew 8%, up from -3% in the previous report. The company is expected to report its latest numbers on or around Apr. 23.
FirstEnergy earns the No. 15 rank among its peers in the Utility-Electric Power industry group. TXNM Energy, Pampa Energia ADR and OGE 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.
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