Middlesex Water had its Relative Strength (RS) Rating upgraded from 68 to 74 Tuesday — a welcome improvement, but still shy of the 80 or better score you prefer to see.
How To Invest In Stocks In Both Bull And Bear Markets
IBD's proprietary rating tracks price movement with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks compares to all the other stocks in our database.
Decades of market research shows that the best-performing stocks often have an 80 or better RS Rating as they begin their largest climbs. See if Middlesex Water can continue to rebound and hit that benchmark.
Middlesex Water is building a consolidation with a 67.09 entry. See if the stock can break out in heavy volume.
The company showed 31% EPS growth in its most recent report. Revenue rose 9%.
The company holds the No. 4 rank among its peers in the Utility-Water Supply industry group. SABESP ADR 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.
RELATED:
Stocks With Rising Relative Strength Ratings
Why Should You Use IBD's Relative Strength Rating?
How Relative Strength Line Can Help You Judge A Stock
Ready To Grow Your Investing Skills? Join An IBD Meetup Group!
