The Relative Strength (RS) Rating for Chesapeake Utilities climbed into a new percentile Tuesday, as it got a lift from 68 to 72.
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This unique rating identifies market leadership by showing how a stock's price movement over the last 52 weeks compares to that of the other stocks in our database.
History reveals that the best-performing stocks tend to have an RS Rating north of 80 in the early stages of their moves. See if Chesapeake Utilities can continue to rebound and clear that threshold.
While the stock is not near a proper entry right now, see if it is able to form and break out from a proper consolidation.
Top and bottom line growth moved higher in the company's most recent quarter. Earnings were up 6%, compared to -1% in the prior report. Revenue increased from 16% to 22%.
Chesapeake Utilities holds the No. 15 rank among its peers in the Utility-Diversified industry group. NRG Energy, Genie Energy and NiSource 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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