On Friday, OGE Energy hit an important technical benchmark, seeing its Relative Strength (RS) Rating jump into the 80-plus percentile with an improvement to 81, up from 75 the day before.
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IBD's proprietary rating tracks market leadership with a 1 (worst) to 99 (best) score. The score shows how a stock's price behavior over the last 52 weeks holds up against all the other stocks in our database.
Decades of market research reveals that the best-performing stocks tend to have an 80 or higher RS Rating as they launch their biggest price moves.
OGE Energy is working on a flat base with a 46.91 entry. See if it can clear the breakout price in heavy volume.
While the company's top line growth fell last quarter from 34% to 25%, the bottom line grew 244%, up from 113% in the previous report.
OGE Energy holds the No. 2 rank among its peers in the Utility-Electric Power industry group. Pampa Energia ADR is the No. 1-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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