National Grid ADR saw a welcome improvement to its Relative Strength (RS) Rating on Friday, rising from 79 to 88.
This proprietary rating tracks market leadership by using a 1 (worst) to 99 (best) score that indicates how a stock's price action over the last 52 weeks matches up against the rest of the market.
Decades of market research reveals that the stocks that go on to make the biggest gains typically have an 80 or better RS Rating in the early stages of their moves.
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National Grid ADR is working on a saucer without handle with a 71.43 entry. See if it can clear the breakout price in volume at least 40% higher than normal.
National Grid ADR posted -48% earnings growth in the latest quarterly report, while sales growth came in at 3%.
The company holds the No. 19 rank among its peers in the Utility-Diversified industry group. Ameren Corp, Chesapeake Utilities and Alliant Energy 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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