IDACORP saw its IBD SmartSelect Composite Rating jump to 96 Friday, up from 89 the day before.
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The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength.
IDACORP broke out earlier, but has fallen back below the prior 119.58 entry from a cup with handle. If a stock you're watching breaks past a buy point then falls 7% or more below the original entry price, it's considered a failed base. It's best to wait for the stock to form a new consolidation and breakout.
The stock has an 83 EPS Rating, which means its recent quarterly and annual earnings growth tops 83% of all stocks.
Its Accumulation/Distribution Rating of C shows a roughly equal amount of buying and selling by institutional investors over the last 13 weeks.
In Q1, the company posted 16% earnings growth. That marks two straight quarters of rising EPS growth. Sales growth fell to -100%, down from -3% in the previous quarter.
IDACORP earns the No. 4 rank among its peers in the Utility-Electric Power industry group. OGE Energy is the No. 1-ranked stock within the group.
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