On Thursday, AES got a positive adjustment to its Relative Strength (RS) Rating, from 68 to 77.
When To Sell Stocks To Lock In Profits And Minimize Losses
This proprietary rating measures market leadership by using a 1 (worst) to 99 (best) score that shows how a stock's price performance over the last 52 weeks compares to other publicly traded companies.
Over 100 years of market history reveals that the best-performing stocks typically have an 80 or better RS Rating in the early stages of their moves. See if AES can continue to show renewed price strength and clear that threshold.
While AES is not near an ideal entry right now, see if it manages to form and break out from a proper consolidation.
Earnings grew 34% last quarter, up from -46% in the prior report. Revenue also increased, from -5% to -3%.
The company earns the No. 14 rank among its peers in the Utility-Electric Power industry group. Korea Electric Power ADR, American Elec Power and Entergy 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.
RELATED:
Stocks With Rising Relative Strength Ratings
