In a welcome move, IDACORP saw its Relative Strength Rating rise from 67 to 71 on Thursday.
When To Sell Stocks To Lock In Profits And Minimize Losses
This exclusive rating from Investor's Business Daily tracks 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 best stocks tend to have an RS Rating north of 80 as they launch their biggest runs. See if IDACORP can continue to rebound and hit that benchmark.
IDACORP is building a flat base with a 120.84 buy point. See if it can break out in volume at least 40% higher than normal.
In terms of fundamentals, the company has posted two quarters of accelerating earnings growth. Top line growth has been a different story, coming in at -4% in the latest report.
The company holds the No. 11 rank among its peers in the Utility-Electric Power industry group. Eversource Energy, TXNM Energy and Entergy 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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