DTE Energy saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 67 to 76.
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This exclusive rating from Investor's Business Daily measures share price performance with a 1 (worst) to 99 (best) score. The grade shows how a stock's price behavior over the last 52 weeks stacks up against all the other stocks in our database.
History shows that the top-performing stocks tend to have an 80 or better RS Rating as they launch their largest price moves. See if DTE Energy can continue to show renewed price strength and clear that threshold.
DTE Energy broke out earlier, but has fallen back below the prior 140.39 entry from a flat base. In the scenario where a stock breaks out then falls 7% or more below the entry price, it's considered a failed breakout. If that happens, it's best to wait for a new base to take shape. Also keep in mind that the latest pattern is a later-stage base, and such bases are more prone to failure.
DTE Energy showed -5% EPS growth in its most recent report, while sales growth came in at 19%.
The company earns the No. 9 rank among its peers in the Utility-Diversified industry group. WEC Energy Group, Alliant 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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