Ameren had its Relative Strength (RS) Rating upgraded from 65 to 71 Wednesday — a welcome improvement, but still short of the 80 or higher score you look for.
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This unique rating measures technical performance by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks matched up against all other stocks.
Decades of market research shows that the stocks that go on to make the biggest gains tend to have an 80 or better RS Rating as they launch their largest climbs. See if Ameren can continue to show renewed price strength and clear that threshold.
Ameren is working on a flat base with a 104.10 buy point. See if it can break out in heavy volume.
While EPS growth dropped in the company's most recent performance report from 5% to 4%, sales grew 31%, up from 15% in the previous report.
Ameren earns the No. 3 rank among its peers in the Utility-Diversified industry group. NiSource 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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