MGE Energy had its Relative Strength (RS) Rating upgraded from 68 to 72 Tuesday — a welcome improvement, but still below the 80 or better score you prefer to see.
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IBD's unique RS Rating identifies market leadership by using a 1 (worst) to 99 (best) score that identifies how a stock's price action over the trailing 52 weeks stacks up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks typically have an RS Rating north of 80 in the early stages of their moves. See if MGE Energy can continue to show renewed price strength and clear that threshold.
MGE Energy is working on a consolidation with a 109.22 entry. See if it can break out in volume at least 40% higher than normal.
Earnings grew 23% last quarter, up from 11% in the prior report. Revenue also increased, from 4% to 14%.
The company holds the No. 9 rank among its peers in the Utility-Diversified industry group. NRG Energy, Genie Energy and NiSource 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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