The Relative Strength (RS) Rating for IDACORP moved into a higher percentile Wednesday, as it got a lift from 67 to 73.
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This exclusive rating from Investor's Business Daily tracks share price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the last 52 weeks compares to all the other stocks in our database.
History reveals that the stocks that go on to make the biggest gains tend to have an RS Rating of at least 80 as they launch their biggest runs. See if IDACORP can continue to rebound and clear that threshold.
IDACORP is still inside a buy zone after clearing a 120.84 buy point in a flat base. Once a stock moves 5% or higher beyond the original entry, it's considered out of a proper buy zone.
In terms of fundamentals, the company has posted two quarters of increasing earnings growth. Sales growth has been a different story, coming in at -4% last quarter. The company is expected to release its next quarterly numbers on or around Jul. 31.
The company holds the No. 4 rank among its peers in the Utility-Electric Power industry group. Entergy is the top-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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