IDACORP saw a welcome improvement to its Relative Strength (RS) Rating on Wednesday, rising from 69 to 75.
When To Sell Stocks To Lock In Profits And Minimize Losses
IBD's unique rating measures price action with a 1 (worst) to 99 (best) score. The grade shows how a stock's price movement over the trailing 52 weeks holds up against all the other stocks in our database.
Decades of market research shows that the best-performing stocks often have an 80 or higher RS Rating in the early stages of their moves. See if IDACORP can continue to rebound and hit that benchmark.
IDACORP is within a buying range after climbing above a 120.84 entry in a flat base. The proper buying range is up to 5% above the initial entry. Once a stock moves above that range, it's best to hold off investing and wait for it to set up another buying opportunity..
In terms of revenue and profits, IDACORP has posted two quarters of rising earnings growth. Sales growth has been a different story, coming in at -4% in the latest report. IDACORP is expected to report its next quarterly numbers on or around Jul. 31.
IDACORP holds the No. 6 rank among its peers in the Utility-Electric Power industry group. Korea Electric Power ADR, Entergy and OGE 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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