One important metric to look for in a stock is an 80 or higher Relative Strength Rating. Pampa Energia ADR cleared that benchmark Wednesday, with a jump from 78 to 84 Wednesday.
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This unique rating identifies market leadership by showing how a stock's price action over the last 52 weeks measures up against that of 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 over 80 in the early stages of their moves.
Pampa Energia ADR has moved more than 5% past a 52.16 entry in a fifth-stage consolidation, meaning it's now out of a proper buy range. Look for the stock to create a new chance to get in like a three-weeks tight or pullback to the 50-day or 10-week moving average.
The company reported -42% earnings growth in its most recent report, while sales growth came in at 4%.
Pampa Energia ADR holds the No. 2 rank among its peers in the Utility-Electric Power industry group. Eversource Energy 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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